DRW Securities LLC Raises Holdings in Talen Energy Corporation (NASDAQ:TLN)

DRW Securities LLC boosted its holdings in Talen Energy Corporation (NASDAQ:TLN) by 33.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,950 shares of the utilities provider’s stock after purchasing an additional 4,950 shares during the quarter. DRW Securities LLC’s holdings in Talen Energy were worth $4,019,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TLN. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the third quarter worth about $36,000. Allworth Financial LP raised its position in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Talen Energy in the fourth quarter worth $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy in the 4th quarter valued at about $39,000. Finally, Empowered Funds LLC acquired a new stake in Talen Energy during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Barclays dropped their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. Bank of America initiated coverage on Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Finally, Morgan Stanley started coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target for the company. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $241.09.

Talen Energy Trading Down 0.2 %

Shares of NASDAQ TLN opened at $182.62 on Wednesday. The stock’s 50 day simple moving average is $211.26 and its 200 day simple moving average is $195.39. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03.

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.