Virtu Financial LLC Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

Virtu Financial LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,229 shares of the utilities provider's stock, valued at approximately $3,249,000.

Several other institutional investors also recently modified their holdings of TLN. BNP Paribas Financial Markets bought a new position in Talen Energy in the 3rd quarter valued at approximately $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy in the 3rd quarter valued at approximately $214,000. World Equity Group Inc. acquired a new position in shares of Talen Energy during the third quarter worth $237,000. Point72 Hong Kong Ltd bought a new stake in shares of Talen Energy in the third quarter worth $257,000. Finally, Guidance Capital Inc. acquired a new stake in Talen Energy in the third quarter valued at $348,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Up 0.9 %

NASDAQ:TLN traded up $1.90 on Thursday, hitting $212.63. The stock had a trading volume of 306,574 shares, compared to its average volume of 671,047. Talen Energy Corporation has a 52 week low of $58.00 and a 52 week high of $230.89. The business's fifty day moving average is $183.67 and its 200 day moving average is $131.12. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The company has a market cap of $10.81 billion and a PE ratio of 11.28.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TLN shares. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a research report on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price target on the stock. Oppenheimer boosted their target price on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Monday. Guggenheim upped their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. 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 report on Friday, November 15th. Finally, Daiwa Capital Markets started coverage on Talen Energy in a research report on Wednesday, December 4th. They set a "buy" rating and a $248.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $218.10.

Talen Energy 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.