12,100 Shares in Talen Energy Corporation $TLN Bought by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC acquired a new position in Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,100 shares of the utilities provider’s stock, valued at approximately $4,536,000.

A number of other large investors have also recently bought and sold shares of TLN. State Street Corp boosted its holdings in Talen Energy by 88.2% in the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after purchasing an additional 627,467 shares in the last quarter. Invesco Ltd. boosted its holdings in Talen Energy by 77.5% in the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock worth $452,189,000 after purchasing an additional 464,014 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in Talen Energy by 475.3% in the third quarter. Voloridge Investment Management LLC now owns 259,475 shares of the utilities provider’s stock worth $110,375,000 after purchasing an additional 214,371 shares in the last quarter. Palestra Capital Management LLC bought a new stake in Talen Energy in the third quarter worth $81,486,000. Finally, Reaves W H & Co. Inc. boosted its holdings in Talen Energy by 12.6% in the third quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after purchasing an additional 158,047 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TLN shares. Barclays upped their price objective on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Wells Fargo & Company boosted their target price on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, BNP Paribas Exane assumed coverage on shares of Talen Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $448.58.

Talen Energy Stock Up 1.4%

Talen Energy stock opened at $386.80 on Friday. The firm has a market cap of $17.56 billion, a price-to-earnings ratio of -577.30 and a beta of 1.90. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. Talen Energy Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $451.28. The firm has a fifty day moving average price of $348.10 and a two-hundred day moving average price of $358.82.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).