Bridgewater Associates LP Buys New Position in Talen Energy Corporation (NASDAQ:TLN)

Bridgewater Associates LP acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,993 shares of the utilities provider's stock, valued at approximately $4,277,000.

Other large investors have also added to or reduced their stakes in the company. Roubaix Capital LLC bought a new position in Talen Energy during the 3rd quarter worth approximately $11,234,000. M&G PLC bought a new position in Talen Energy during the 3rd quarter worth approximately $14,797,000. River Road Asset Management LLC acquired a new stake in Talen Energy in the 3rd quarter valued at $277,653,000. Oppenheimer Asset Management Inc. acquired a new stake in Talen Energy in the 3rd quarter valued at $1,411,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in Talen Energy in the 3rd quarter valued at $1,001,000. Institutional investors own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Talen Energy from $197.00 to $242.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Guggenheim lifted 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. Oppenheimer lifted their price target on shares of Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, September 24th. Barclays reduced their price target on shares of Talen Energy from $207.00 to $202.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Finally, Royal Bank of Canada assumed coverage on shares of Talen Energy in a report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price objective on the stock. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy has a consensus rating of "Buy" and an average price target of $210.33.

Talen Energy Stock Performance

Shares of NASDAQ TLN traded up $0.36 during mid-day trading on Friday, reaching $214.41. 215,543 shares of the company's stock were exchanged, compared to its average volume of 668,691. The firm has a market capitalization of $10.90 billion and a price-to-earnings ratio of 11.48. The firm has a 50-day moving average price of $169.19 and a two-hundred day moving average price of $123.01. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy Corporation has a 52 week low of $55.82 and a 52 week high of $222.49.

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.