Corsair Capital Management L.P. Acquires Shares of 5,164 Talen Energy Corporation (NASDAQ:TLN)

Corsair Capital Management L.P. bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,164 shares of the utilities provider's stock, valued at approximately $920,000.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Talen Energy in the 3rd quarter worth approximately $36,000. Spirit of America Management Corp NY acquired a new stake in shares of Talen Energy during the 3rd quarter worth about $214,000. World Equity Group Inc. acquired a new stake in shares of Talen Energy during the 3rd quarter worth about $237,000. Shikiar Asset Management Inc. purchased a new position in shares of Talen Energy in the 2nd quarter valued at about $278,000. Finally, Guidance Capital Inc. purchased a new position in shares of Talen Energy in the 3rd quarter valued at about $348,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TLN shares. Oppenheimer boosted their target price on Talen Energy from $165.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 24th. BWS Financial upped their price objective on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Guggenheim upped their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research report on Thursday, October 17th. They set an "overweight" rating and a $268.00 target price on the stock. Finally, Royal Bank of Canada initiated coverage on Talen Energy in a research report on Thursday, September 26th. They issued 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.com, Talen Energy currently has a consensus rating of "Buy" and a consensus target price of $210.33.

Talen Energy Price Performance

Shares of TLN stock traded down $2.34 during trading hours on Wednesday, hitting $214.05. The company had a trading volume of 359,180 shares, compared to its average volume of 670,661. The firm has a market capitalization of $10.88 billion and a price-to-earnings ratio of 11.58. Talen Energy Corporation has a 12 month low of $53.95 and a 12 month high of $222.49. The firm's fifty day moving average is $163.46 and its 200 day moving average is $120.76. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

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.