Covalis Capital LLP Purchases 54,175 Shares of Talen Energy Corporation (NASDAQ:TLN)

Covalis Capital LLP boosted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 288.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,951 shares of the utilities provider's stock after purchasing an additional 54,175 shares during the period. Talen Energy comprises approximately 2.1% of Covalis Capital LLP's investment portfolio, making the stock its 17th biggest position. Covalis Capital LLP owned 0.14% of Talen Energy worth $14,697,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the third quarter worth $36,000. Allworth Financial LP grew its position in shares of Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Talen Energy during the fourth quarter worth about $37,000. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy in the fourth quarter worth approximately $39,000. Finally, Empowered Funds LLC bought a new stake in Talen Energy in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barclays dropped their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Bank of America initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Morgan Stanley began coverage on Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price for the company. Finally, Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $240.18.

Talen Energy Stock Up 3.8 %

Shares of NASDAQ TLN traded up $7.73 during trading on Thursday, hitting $212.39. The stock had a trading volume of 245,869 shares, compared to its average volume of 1,115,897. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The company has a market capitalization of $9.67 billion, a PE ratio of 11.37, a PEG ratio of 2.70 and a beta of 1.93. The firm has a fifty day moving average of $203.11 and a two-hundred day moving average of $201.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Talen Energy Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.