Situational Awareness LP Acquires New Shares in Talen Energy Corporation (NASDAQ:TLN)

Situational Awareness LP bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 138,878 shares of the utilities provider’s stock, valued at approximately $27,980,000. Talen Energy makes up 11.0% of Situational Awareness LP’s portfolio, making the stock its 4th largest position. Situational Awareness LP owned about 0.27% of Talen Energy as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Cannon Global Investment Management LLC purchased a new position in shares of Talen Energy in the 4th quarter valued at $625,000. Vanguard Group Inc. grew its stake in Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock valued at $964,302,000 after purchasing an additional 256,414 shares during the last quarter. LPL Financial LLC raised its holdings in Talen Energy by 234.9% in the fourth quarter. LPL Financial LLC now owns 23,490 shares of the utilities provider’s stock worth $4,733,000 after purchasing an additional 16,476 shares in the last quarter. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Talen Energy during the fourth quarter valued at about $666,000. Finally, Sei Investments Co. grew its position in shares of Talen Energy by 109.4% in the 4th quarter. Sei Investments Co. now owns 59,686 shares of the utilities provider’s stock worth $12,024,000 after buying an additional 31,180 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $217.73 on Wednesday. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 2.70 and a beta of 2.00. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The company has a 50 day simple moving average of $219.15 and a two-hundred day simple moving average of $190.08. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Analysts Set New Price Targets

TLN has been the subject of several recent analyst reports. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Oppenheimer raised their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays reduced their target price 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 assumed coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. Finally, Evercore ISI began coverage on shares of Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating for the company. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy has an average rating of “Buy” and an average price target of $241.36.

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.