Quantessence Capital LLC Takes $1.14 Million Position in Talen Energy Corporation (NASDAQ:TLN)

Quantessence Capital LLC acquired a new position in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,673 shares of the utilities provider’s stock, valued at approximately $1,143,000.

A number of other institutional investors have also recently bought and sold shares of TLN. Virtu Financial LLC purchased a new stake in Talen Energy in the third quarter worth $3,249,000. Tidal Investments LLC purchased a new stake in Talen Energy in the 3rd quarter worth about $304,000. SPX Gestao de Recursos Ltda bought a new stake in Talen Energy in the 3rd quarter valued at about $9,235,000. JPMorgan Chase & Co. purchased a new stake in Talen Energy during the third quarter valued at about $23,482,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Talen Energy in the fourth quarter worth about $276,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

Talen Energy stock opened at $191.37 on Tuesday. The firm has a fifty day simple moving average of $204.70 and a two-hundred day simple moving average of $200.80. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The company has a market capitalization of $8.71 billion, a PE ratio of 10.24, a P/E/G ratio of 2.70 and a beta of 1.93.

Analyst Upgrades and Downgrades

TLN has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Bank of America started coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. Finally, Evercore ISI assumed coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $240.18.

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.