Healthcare of Ontario Pension Plan Trust Fund Takes $543,000 Position in Talen Energy Corporation (NASDAQ:TLN)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,044 shares of the utilities provider's stock, valued at approximately $543,000.

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

Analysts Set New Price Targets

TLN has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a "buy" rating and a $226.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research report on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price target on the stock. Oppenheimer increased their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 24th. Barclays dropped their price objective on 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, UBS Group upped their price objective on Talen Energy from $197.00 to $242.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Nine equities 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 price target of $210.33.

Talen Energy Stock Up 1.3 %

Shares of TLN stock traded up $2.82 on Tuesday, reaching $212.63. 497,144 shares of the company were exchanged, compared to its average volume of 667,595. Talen Energy Corporation has a one year low of $56.16 and a one year high of $222.49. The company has a market cap of $10.81 billion and a price-to-earnings ratio of 11.43. The company has a 50-day moving average of $171.01 and a 200-day moving average of $124.72. 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 Company 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.