Guggenheim Capital LLC Raises Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Guggenheim Capital LLC boosted its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 31.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,935 shares of the utilities provider’s stock after acquiring an additional 462 shares during the quarter. Guggenheim Capital LLC’s holdings in Talen Energy were worth $390,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Talen Energy during the third quarter worth about $3,249,000. Tidal Investments LLC acquired a new stake in Talen Energy during the 3rd quarter valued at approximately $304,000. SPX Gestao de Recursos Ltda acquired a new stake in Talen Energy during the 3rd quarter valued at approximately $9,235,000. JPMorgan Chase & Co. acquired a new stake in shares of Talen Energy in the third quarter worth $23,482,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Talen Energy during the fourth quarter worth $276,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TLN. UBS Group lowered their price target on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Bank of America began coverage on Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Barclays reduced their price target 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. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Finally, Evercore ISI initiated coverage on shares of Talen Energy in a report on Friday, February 21st. They set an “outperform” rating for the company. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy has a consensus rating of “Buy” and a consensus price target of $240.18.

Talen Energy Trading Up 0.3 %

Shares of NASDAQ:TLN opened at $211.56 on Friday. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The business’s 50 day moving average price is $201.72 and its 200-day moving average price is $203.55. 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 1 year low of $98.50 and a 1 year 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.