Temasek Holdings Private Ltd bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,791 shares of the utilities provider's stock, valued at approximately $3,171,000.
A number of other institutional investors also recently bought and sold shares of the business. Roubaix Capital LLC acquired a new stake in shares of Talen Energy in the 3rd quarter worth approximately $11,234,000. Monarch Alternative Capital LP purchased a new stake in Talen Energy in the 3rd quarter valued at approximately $258,448,000. M&G PLC purchased a new stake in Talen Energy in the 3rd quarter valued at approximately $14,797,000. River Road Asset Management LLC purchased a new stake in Talen Energy in the 3rd quarter valued at approximately $277,653,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Talen Energy during the 3rd quarter worth $1,411,000. 0.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the company. UBS Group increased their price target on Talen Energy from $197.00 to $242.00 and gave the company a "buy" rating in a report on Friday, November 15th. Guggenheim lifted their price target on Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Jefferies Financial Group initiated coverage on Talen Energy in a report on Friday, September 13th. They set a "buy" rating and a $226.00 price target on the stock. Barclays lowered their price objective on shares of Talen Energy from $207.00 to $202.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Finally, Royal Bank of Canada initiated coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an "outperform" rating and a $233.00 price objective on the stock. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has a consensus rating of "Buy" and an average target price of $214.10.
Get Our Latest Report on TLN
Talen Energy Stock Performance
Shares of NASDAQ:TLN traded down $2.88 on Friday, hitting $220.66. 260,087 shares of the company were exchanged, compared to its average volume of 667,604. The firm has a market capitalization of $11.22 billion and a price-to-earnings ratio of 11.97. The company's 50 day moving average price is $176.79 and its two-hundred day moving average price is $127.01. Talen Energy Corporation has a one year low of $57.01 and a one year 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.
Talen Energy 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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