Swiss National Bank Makes New $14.14 Million Investment in Talen Energy Corporation (NASDAQ:TLN)

Swiss National Bank acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 70,200 shares of the utilities provider’s stock, valued at approximately $14,143,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. purchased a new position in shares of Talen Energy during the third quarter valued at approximately $929,000. Natixis Advisors LLC purchased a new position in Talen Energy during the 3rd quarter worth $1,877,000. Thrivent Financial for Lutherans purchased a new position in Talen Energy during the 3rd quarter worth $8,610,000. Jennison Associates LLC bought a new stake in shares of Talen Energy in the 3rd quarter worth $102,840,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Talen Energy in the third quarter valued at about $2,226,000. 0.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on TLN shares. Barclays cut their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Evercore ISI initiated coverage on Talen Energy in a report on Friday, February 21st. They set an “outperform” rating on the stock. UBS Group upped their price objective on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Bank of America assumed coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $241.36.

Talen Energy Stock Up 3.7 %

TLN stock opened at $210.30 on Thursday. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The stock has a fifty day moving average of $219.27 and a 200-day moving average of $186.84. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 11.26, 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.

About Talen Energy

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.