Cassaday & Co Wealth Management LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,500 shares of the utilities provider's stock, valued at approximately $624,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in shares of Talen Energy in the 3rd quarter worth $8,610,000. Natixis Advisors LLC bought a new position in shares of Talen Energy in the 3rd quarter worth $1,877,000. Mizuho Markets Americas LLC bought a new position in shares of Talen Energy in the 3rd quarter worth $33,866,000. OneDigital Investment Advisors LLC bought a new position in shares of Talen Energy in the 3rd quarter worth $1,097,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Talen Energy in the 3rd quarter worth $1,411,000. 0.38% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
TLN has been the topic of several recent analyst reports. BWS Financial upped their target price on Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Guggenheim upped their target price on Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Jefferies Financial Group began coverage on Talen Energy in a research note on Friday, September 13th. They set a "buy" rating and a $226.00 price target on the stock. JPMorgan Chase & Co. began coverage on Talen Energy in a research note on Thursday, October 17th. They set an "overweight" rating and a $268.00 price target on the stock. Finally, Royal Bank of Canada began coverage on Talen Energy in a research note on Thursday, September 26th. They set an "outperform" rating and a $233.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $210.33.
Get Our Latest Stock Report on TLN
Talen Energy Stock Up 3.5 %
Shares of TLN stock traded up $7.21 during trading on Tuesday, reaching $214.70. The company's stock had a trading volume of 696,373 shares, compared to its average volume of 662,130. The stock's 50-day moving average price is $153.58 and its 200 day moving average price is $115.77. The company has a market capitalization of $10.92 billion and a price-to-earnings ratio of 11.49. 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 1-year low of $53.36 and a 1-year high of $217.79.
Talen Energy Company 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.
Further Reading
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