Jennison Associates LLC acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 576,973 shares of the utilities provider's stock, valued at approximately $102,840,000. Jennison Associates LLC owned about 1.13% of Talen Energy as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. River Road Asset Management LLC purchased a new position in shares of Talen Energy in the 3rd quarter worth $277,653,000. Yacktman Asset Management LP bought a new position in shares of Talen Energy in the 3rd quarter valued at about $79,299,000. Mizuho Markets Americas LLC purchased a new position in Talen Energy in the third quarter worth about $33,866,000. Allspring Global Investments Holdings LLC bought a new stake in Talen Energy during the third quarter worth approximately $29,464,000. Finally, M&G PLC bought a new stake in Talen Energy during the third quarter worth approximately $14,797,000. Hedge funds and other institutional investors own 0.38% of the company's stock.
Talen Energy Trading Up 2.6 %
NASDAQ TLN opened at $211.53 on Thursday. Talen Energy Corporation has a 12 month low of $53.95 and a 12 month high of $221.14. The company's 50-day moving average price is $155.30 and its 200-day moving average price is $116.38. The stock has a market cap of $10.76 billion and a PE ratio of 11.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Guggenheim raised their price objective on Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Oppenheimer raised their price target on Talen Energy from $165.00 to $210.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an "overweight" rating and a $268.00 price objective on the stock. Royal Bank of Canada started coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an "outperform" rating and a $233.00 target price on the stock. Finally, BWS Financial lifted their price target on shares of Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $210.33.
Get Our Latest Stock Analysis on TLN
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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