Polar Asset Management Partners Inc. Acquires Shares of 9,200 Talen Energy Corporation (NASDAQ:TLN)

Polar Asset Management Partners Inc. purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,200 shares of the utilities provider's stock, valued at approximately $1,640,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rubric Capital Management LP acquired a new stake in shares of Talen Energy during the 3rd quarter worth about $2,026,342,000. River Road Asset Management LLC acquired a new position in Talen Energy in the third quarter valued at $277,653,000. Monarch Alternative Capital LP purchased a new position in shares of Talen Energy during the third quarter worth about $258,448,000. Mirabella Financial Services LLP purchased a new stake in shares of Talen Energy in the 3rd quarter valued at about $168,108,000. Finally, FMR LLC acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $141,363,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Trading Down 1.0 %

Shares of NASDAQ:TLN traded down $2.13 during trading on Friday, reaching $221.41. 568,172 shares of the stock were exchanged, compared to its average volume of 669,033. Talen Energy Corporation has a 12-month low of $57.01 and a 12-month high of $230.89. The firm's 50-day moving average price is $176.79 and its 200 day moving average price is $127.01. 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 firm has a market cap of $11.26 billion and a price-to-earnings ratio of 11.97.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TLN. BWS Financial upped their price target on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. 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 target on the stock. UBS Group lifted their price objective on Talen Energy from $197.00 to $242.00 and gave the company a "buy" rating in a report on Friday, November 15th. Guggenheim increased their target price 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. initiated coverage on Talen Energy in a research note on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $214.10.

About Talen Energy

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.