Laurion Capital Management LP Acquires 4,200 Shares of Talen Energy Corporation (NASDAQ:TLN)

Laurion Capital Management LP increased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 28.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,810 shares of the utilities provider’s stock after acquiring an additional 4,200 shares during the quarter. Laurion Capital Management LP’s holdings in Talen Energy were worth $3,790,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TLN. Jacobs Levy Equity Management Inc. bought a new position in Talen Energy in the 4th quarter valued at about $3,845,000. Janus Henderson Group PLC bought a new position in Talen Energy in the 4th quarter valued at about $3,343,000. Gotham Asset Management LLC bought a new position in Talen Energy in the 4th quarter valued at about $7,341,000. Encompass Capital Advisors LLC acquired a new stake in shares of Talen Energy in the 4th quarter valued at approximately $48,333,000. Finally, Ensign Peak Advisors Inc acquired a new stake in shares of Talen Energy in the 4th quarter valued at approximately $516,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Down 1.5%

NASDAQ:TLN opened at $225.26 on Monday. The firm’s 50 day simple moving average is $203.56 and its 200 day simple moving average is $210.19. 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 one year low of $98.50 and a one year high of $258.03. The company has a market cap of $10.25 billion, a PE ratio of 12.06, a P/E/G ratio of 2.70 and a beta of 1.90.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price target 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. Morgan Stanley assumed 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 on the stock. Bank of America assumed coverage on shares of Talen Energy in a research note 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 price target on shares of Talen Energy in a research note on Wednesday, March 5th. Finally, UBS Group reduced their price target on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy presently has an average rating of “Buy” and a consensus price target of $240.18.

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.