2,806 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,806 shares of the utilities provider’s stock, valued at approximately $565,000.

Several other large investors also recently modified their holdings of the business. Rubric Capital Management LP bought a new stake in shares of Talen Energy in the third quarter worth about $2,026,342,000. Monarch Alternative Capital LP purchased a new stake in Talen Energy in the third quarter worth about $258,448,000. William Blair Investment Management LLC purchased a new stake in Talen Energy in the fourth quarter worth about $239,984,000. Mirabella Financial Services LLP purchased a new stake in Talen Energy in the third quarter worth about $168,108,000. Finally, Sachem Head Capital Management LP purchased a new stake in Talen Energy in the third quarter worth about $167,724,000. 0.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TLN. Oppenheimer raised their price objective 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. Morgan Stanley began coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective for the company. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. UBS Group raised their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Barclays lowered their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy has a consensus rating of “Buy” and an average target price of $241.36.

Talen Energy Price Performance

TLN stock opened at $207.00 on Tuesday. The firm has a 50 day moving average price of $219.57 and a 200-day moving average price of $186.06. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 2.70 and a beta of 2.00. 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 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.