437,111 Shares in Talen Energy Corporation (NASDAQ:TLN) Bought by Clearbridge Investments LLC

Clearbridge Investments LLC purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 437,111 shares of the utilities provider’s stock, valued at approximately $88,065,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. William Blair Investment Management LLC bought a new position in shares of Talen Energy during the 4th quarter valued at approximately $239,984,000. Sachem Head Capital Management LP bought a new position in shares of Talen Energy in the third quarter worth approximately $167,724,000. FMR LLC bought a new position in shares of Talen Energy in the third quarter worth approximately $141,363,000. Atalan Capital Partners LP purchased a new stake in shares of Talen Energy in the third quarter worth $126,016,000. Finally, Maple Rock Capital Partners Inc. bought a new stake in shares of Talen Energy during the 3rd quarter valued at $114,631,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Up 1.1 %

Shares of TLN opened at $199.67 on Tuesday. The stock has a market capitalization of $9.09 billion, a PE ratio of 10.69, a P/E/G ratio of 2.70 and a beta of 2.00. The company’s fifty day moving average is $216.61 and its 200 day moving average is $192.38. 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 fifty-two week low of $98.50 and a fifty-two week high of $258.03.

Analysts Set New Price Targets

TLN has been the subject of a number of analyst reports. 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 price target for the company. Barclays cut their target price on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. UBS Group boosted their price target on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $241.09.

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.