437,111 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 437,111 shares of the utilities provider’s stock, valued at approximately $88,065,000. Clearbridge Investments LLC owned 0.86% of Talen Energy at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock worth $964,302,000 after acquiring an additional 256,414 shares during the last quarter. William Blair Investment Management LLC bought a new position in Talen Energy in the 4th quarter worth about $239,984,000. Sachem Head Capital Management LP purchased a new stake in Talen Energy during the 3rd quarter valued at about $167,724,000. FMR LLC bought a new stake in Talen Energy during the 3rd quarter valued at about $141,363,000. Finally, Atalan Capital Partners LP purchased a new position in Talen Energy in the third quarter worth about $126,016,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Up 1.1 %

Talen Energy stock opened at $199.67 on Tuesday. The business has a 50-day simple moving average of $216.61 and a two-hundred day simple moving average of $192.38. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The company has a market cap of $9.09 billion, a P/E ratio of 10.69, a P/E/G ratio of 2.70 and a beta of 2.00.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TLN shares. JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday. Barclays lowered their price objective on 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 started coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price for the company. UBS Group upped their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $241.09.

Talen Energy Company 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.