29,289 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by K2 Principal Fund L.P.

K2 Principal Fund L.P. bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,289 shares of the utilities provider's stock, valued at approximately $5,220,000. K2 Principal Fund L.P. owned approximately 0.06% of Talen Energy at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of TLN. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the third quarter worth approximately $36,000. Spirit of America Management Corp NY bought a new stake in Talen Energy in the 3rd quarter worth approximately $214,000. World Equity Group Inc. purchased a new stake in Talen Energy during the 3rd quarter valued at $237,000. Point72 Hong Kong Ltd bought a new position in shares of Talen Energy during the 3rd quarter valued at $257,000. Finally, Guidance Capital Inc. purchased a new position in shares of Talen Energy in the 3rd quarter worth $348,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Price Performance

TLN stock traded down $2.13 during mid-day trading on Friday, hitting $221.41. The company had a trading volume of 568,172 shares, compared to its average volume of 916,140. The company has a 50-day moving average price of $178.71 and a 200 day moving average price of $128.78. Talen Energy Corporation has a 12-month low of $57.01 and a 12-month high of $230.89. The company has a market capitalization of $11.26 billion and a price-to-earnings ratio of 11.85. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Wall Street Analyst Weigh In

A number of research firms recently commented on TLN. Daiwa Capital Markets began coverage on Talen Energy in a research report on Wednesday. They set a "buy" rating and a $248.00 price objective for the company. BWS Financial increased their price objective 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. Royal Bank of Canada began coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an "outperform" rating and a $233.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research note on Thursday, October 17th. They set an "overweight" rating and a $268.00 price target on the stock. Finally, Barclays reduced their price objective on Talen Energy from $207.00 to $202.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy presently has an average rating of "Buy" and a consensus price target of $214.10.

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.