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Zimmer Partners LP Purchases Shares of 12,170 Talen Energy Corporation (NASDAQ:TLN)

Talen Energy logo with Oils/Energy background

Zimmer Partners LP acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,170 shares of the utilities provider's stock, valued at approximately $2,169,000.

A number of other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the 3rd quarter valued at about $36,000. Spirit of America Management Corp NY bought a new stake in Talen Energy in the third quarter valued at approximately $214,000. World Equity Group Inc. acquired a new stake in Talen Energy in the third quarter worth $237,000. Point72 Hong Kong Ltd bought a new position in shares of Talen Energy during the third quarter worth $257,000. Finally, Shikiar Asset Management Inc. bought a new position in shares of Talen Energy during the second quarter worth $278,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Down 1.0 %

NASDAQ TLN traded down $2.13 during trading on Friday, hitting $221.41. The stock had a trading volume of 568,172 shares, compared to its average volume of 916,140. Talen Energy Corporation has a 12 month low of $57.01 and a 12 month high of $230.89. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company's 50-day moving average price is $178.71 and its two-hundred day moving average price is $128.41. The company has a market capitalization of $11.26 billion and a PE ratio of 11.85.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TLN shares. BWS Financial upped their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 6th. UBS Group increased their price target on Talen Energy from $197.00 to $242.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Oppenheimer raised their price target on Talen Energy from $165.00 to $210.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on Talen Energy in a research report on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on Talen Energy in a research note on Friday, September 13th. They set a "buy" rating and a $226.00 target price for the company. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has an average rating of "Buy" and a consensus price target of $214.10.

View Our Latest Research Report on Talen Energy

Talen Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Talen Energy (NASDAQ:TLN)

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