Harvest Fund Management Co. Ltd Buys Shares of 2,391 Talen Energy Corporation (NASDAQ:TLN)

Harvest Fund Management Co. Ltd bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,391 shares of the utilities provider’s stock, valued at approximately $481,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Talen Energy in the 3rd quarter valued at about $520,000. JPMorgan Chase & Co. purchased a new stake in Talen Energy in the third quarter valued at approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Talen Energy in the fourth quarter valued at approximately $240,000. Monarch Alternative Capital LP acquired a new position in shares of Talen Energy in the third quarter valued at approximately $258,448,000. Finally, First Sabrepoint Capital Management LP acquired a new position in shares of Talen Energy in the third quarter valued at approximately $6,238,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

TLN stock opened at $214.81 on Friday. 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 1 year low of $98.50 and a 1 year high of $258.03. The firm has a market cap of $9.87 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. The stock has a 50-day simple moving average of $219.07 and a 200-day simple moving average of $187.70.

Wall Street Analysts Forecast Growth

TLN has been the topic of a number of recent analyst reports. Bank of America initiated coverage on Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective on the stock. Evercore ISI initiated coverage on Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating on the stock. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Oppenheimer increased their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, UBS Group increased their target price on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $241.36.

About Talen Energy

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.