34,100 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,100 shares of the utilities provider’s stock, valued at approximately $6,870,000.

Several other large investors also recently added to or reduced their stakes in TLN. XTX Topco Ltd purchased a new stake in shares of Talen Energy in the third quarter valued at about $520,000. JPMorgan Chase & Co. purchased a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy during the 4th quarter worth approximately $240,000. First Sabrepoint Capital Management LP purchased a new stake in shares of Talen Energy during the 3rd quarter valued at approximately $6,238,000. Finally, Rhumbline Advisers lifted 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 acquiring an additional 1,503 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TLN. 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. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 target price on the stock. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. Bank of America initiated coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective on the stock. Finally, Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $241.09.

Talen Energy Trading Up 1.1 %

TLN opened at $199.67 on Tuesday. The business has a fifty day moving average price of $216.61 and a 200 day moving average price of $192.38. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 2.70 and a beta of 2.00.

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.