Polymer Capital Management HK LTD Acquires New Stake in Talen Energy Corporation (NASDAQ:TLN)

Polymer Capital Management HK LTD acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,000 shares of the utilities provider’s stock, valued at approximately $1,209,000.

A number of other large investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in shares of Talen Energy during the 3rd quarter worth approximately $520,000. JPMorgan Chase & Co. acquired a new position in shares of Talen Energy during the 3rd quarter worth $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy in the fourth quarter valued at about $240,000. First Sabrepoint Capital Management LP purchased a new stake in Talen Energy during the third quarter worth about $6,238,000. Finally, Rhumbline Advisers increased its holdings in Talen Energy by 37.3% in the fourth quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider’s stock valued at $1,114,000 after buying an additional 1,503 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TLN shares. Bank of America initiated coverage on Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective for the company. Evercore ISI began coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating on the stock. Oppenheimer raised their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Morgan Stanley initiated coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 target price on the stock. Finally, Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy currently has an average rating of “Buy” and an average price target of $241.09.

Talen Energy Trading Down 5.4 %

NASDAQ TLN opened at $174.40 on Friday. The firm’s 50 day moving average price is $212.51 and its two-hundred day moving average price is $193.94. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 2.70 and a beta of 1.93.

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.