Holocene Advisors LP acquired 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 acquired 17,200 shares of the utilities provider's stock, valued at approximately $3,066,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Talen Energy in the 3rd quarter valued at $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy in the third quarter valued at about $214,000. World Equity Group Inc. bought a new stake in Talen Energy during the third quarter worth about $237,000. Point72 Hong Kong Ltd bought a new position in Talen Energy in the 3rd quarter valued at about $257,000. Finally, Guidance Capital Inc. acquired a new position in shares of Talen Energy in the 3rd quarter valued at approximately $348,000. Institutional investors and hedge funds own 0.38% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on TLN. Daiwa Capital Markets began coverage on shares of Talen Energy in a research note on Wednesday. They issued a "buy" rating and a $248.00 price objective on the stock. UBS Group lifted their price target on Talen Energy from $197.00 to $242.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Guggenheim upped their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Oppenheimer increased their target price on shares of Talen Energy from $165.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, September 24th. Finally, BWS Financial lifted their price target on shares of Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 6th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has an average rating of "Buy" and a consensus price target of $214.10.
View Our Latest Stock Report on Talen Energy
Talen Energy Trading Down 1.0 %
TLN traded down $2.13 during trading on Friday, reaching $221.41. 568,263 shares of the company's stock were exchanged, compared to its average volume of 668,149. The firm has a fifty day moving average price of $176.79 and a two-hundred day moving average price of $127.01. The stock has a market capitalization of $11.26 billion and a PE ratio of 11.97. Talen Energy Corporation has a one year low of $57.01 and a one year high of $230.89. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.
About Talen Energy
(
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.
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