432,376 Shares in Talen Energy Corporation (NASDAQ:TLN) Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 432,376 shares of the utilities provider's stock, valued at approximately $77,067,000. Charles Schwab Investment Management Inc. owned approximately 0.85% of Talen Energy at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Navellier & Associates Inc. acquired a new stake in shares of Talen Energy during the 3rd quarter worth approximately $494,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Talen Energy during the 3rd quarter worth approximately $2,226,000. Jennison Associates LLC acquired a new stake in shares of Talen Energy during the 3rd quarter worth approximately $102,840,000. Cassaday & Co Wealth Management LLC bought a new position in Talen Energy in the 3rd quarter valued at approximately $624,000. Finally, Thrivent Financial for Lutherans bought a new position in Talen Energy in the 3rd quarter valued at approximately $8,610,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TLN. Barclays dropped their price objective on shares of Talen Energy from $207.00 to $202.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Oppenheimer increased their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, September 24th. Royal Bank of Canada began coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an "outperform" rating and a $233.00 price objective for the company. UBS Group increased their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research note on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $210.33.

Talen Energy Trading Down 1.1 %

Shares of TLN stock traded down $2.34 during trading hours on Thursday, hitting $214.05. 359,180 shares of the company's stock traded hands, compared to its average volume of 670,661. The stock's 50 day simple moving average is $165.38 and its 200 day simple moving average is $121.40. The stock has a market cap of $10.89 billion and a PE ratio of 11.46. Talen Energy Corporation has a 12 month low of $53.95 and a 12 month high of $222.49. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

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.