BW Gestao de Investimentos Ltda. Invests $21.77 Million in Talen Energy Corporation $TLN

BW Gestao de Investimentos Ltda. acquired a new position in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 58,077 shares of the utilities provider’s stock, valued at approximately $21,770,000. Talen Energy accounts for about 0.5% of BW Gestao de Investimentos Ltda.’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds also recently made changes to their positions in TLN. State Street Corp grew its stake in shares of Talen Energy by 88.2% in the 3rd 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 during the last quarter. Norges Bank purchased a new position in shares of Talen Energy in the fourth quarter worth approximately $225,930,000. Invesco Ltd. increased its position in shares of 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 acquiring an additional 464,014 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of 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 acquiring an additional 214,371 shares in the last quarter. Finally, Palestra Capital Management LLC purchased a new position in shares of Talen Energy in the third quarter worth approximately $81,486,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ TLN opened at $377.20 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The stock has a market capitalization of $17.12 billion, a PE ratio of -562.98 and a beta of 1.81. The company has a 50 day moving average price of $348.84 and a two-hundred day moving average price of $358.60. Talen Energy Corporation has a 12-month low of $240.90 and a 12-month high of $451.28.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TLN shares. Wells Fargo & Company lifted 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. BNP Paribas Exane started coverage on shares of Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $499.00 target price on shares of Talen Energy in a research report on Thursday, May 21st. Barclays lifted their target price on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Finally, 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. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $448.58.

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).