Loomis Sayles & Co. L P Buys 2,972 Shares of Talen Energy Corporation (NASDAQ:TLN)

Loomis Sayles & Co. L P boosted its stake in Talen Energy Corporation (NASDAQ:TLN) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,116 shares of the utilities provider’s stock after purchasing an additional 2,972 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Talen Energy were worth $43,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TLN. Banco BTG Pactual S.A. purchased a new position in shares of Talen Energy during the 4th quarter valued at $341,000. Situational Awareness LP purchased a new position in Talen Energy during the fourth quarter worth about $27,980,000. Cannon Global Investment Management LLC bought a new position in Talen Energy in the 4th quarter worth about $625,000. Vanguard Group Inc. raised its holdings in shares of Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock valued at $964,302,000 after acquiring an additional 256,414 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Talen Energy by 234.9% during the 4th quarter. LPL Financial LLC now owns 23,490 shares of the utilities provider’s stock valued at $4,733,000 after acquiring an additional 16,476 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Down 0.1 %

TLN opened at $202.79 on Friday. The company has a market cap of $9.23 billion, a P/E ratio of 10.86, a P/E/G 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 business’s 50-day moving average price is $218.06 and its 200-day moving average price is $190.25. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Analyst Upgrades and Downgrades

TLN has been the topic of several research analyst reports. UBS Group upped their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Oppenheimer increased their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday, February 21st. They set an “outperform” rating for the company. Bank of America started coverage on Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Finally, Morgan Stanley started coverage on Talen Energy in a research report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price target on the stock. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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.