14,723 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,723 shares of the utilities provider's stock, valued at approximately $2,624,000.

Several other institutional investors also recently bought and sold shares of the stock. Mirabella Financial Services LLP bought a new position in Talen Energy during the third quarter valued at about $168,108,000. Loomis Sayles & Co. L P bought a new position in Talen Energy during the third quarter valued at about $37,991,000. DRW Securities LLC bought a new position in shares of Talen Energy in the third quarter worth about $2,674,000. Seldon Capital LP bought a new position in shares of Talen Energy in the third quarter worth about $14,633,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Talen Energy in the third quarter worth about $77,067,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Price Performance

NASDAQ TLN traded down $12.73 during trading on Monday, reaching $208.68. 1,221,483 shares of the company traded hands, compared to its average volume of 671,365. 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 stock's 50 day moving average price is $178.71 and its two-hundred day moving average price is $128.78. The company has a market cap of $10.61 billion and a price-to-earnings ratio of 11.85. Talen Energy Corporation has a 1-year low of $58.00 and a 1-year high of $230.89.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TLN shares. Barclays dropped their price objective on Talen Energy from $207.00 to $202.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. UBS Group lifted their price objective on Talen Energy from $197.00 to $242.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Jefferies Financial Group started coverage on Talen Energy in a research note on Friday, September 13th. They issued a "buy" rating and a $226.00 price objective on the stock. Guggenheim lifted their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on Talen Energy in a research note on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has an average rating of "Buy" and an average price target of $218.10.

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.