Maple Rock Capital Partners Inc. Acquires Shares of 643,130 Talen Energy Corporation (NASDAQ:TLN)

Maple Rock Capital Partners Inc. acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 643,130 shares of the utilities provider's stock, valued at approximately $114,631,000. Talen Energy comprises approximately 3.2% of Maple Rock Capital Partners Inc.'s holdings, making the stock its 4th largest holding. Maple Rock Capital Partners Inc. owned about 1.26% of Talen Energy as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Shikiar Asset Management Inc. purchased a new position in shares of Talen Energy in the second quarter worth about $278,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Talen Energy in the third quarter worth about $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Talen Energy in the third quarter worth about $7,967,000. Guidance Capital Inc. purchased a new position in shares of Talen Energy in the third quarter worth about $348,000. Finally, Mcdaniel Terry & Co. purchased a new position in shares of Talen Energy in the third quarter worth about $371,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 4.3 %

Talen Energy stock traded up $9.08 during mid-day trading on Wednesday, reaching $221.71. The stock had a trading volume of 920,105 shares, compared to its average volume of 667,777. The company has a market capitalization of $11.27 billion and a price-to-earnings ratio of 11.38. The company has a 50-day moving average price of $172.88 and a two-hundred day moving average price of $125.70. Talen Energy Corporation has a one year low of $56.16 and a one year high of $224.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in 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 target price for the company. Royal Bank of Canada assumed coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an "outperform" rating and a $233.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Talen Energy in a research note on Friday, September 13th. They set a "buy" rating and a $226.00 price objective for the company. BWS Financial boosted their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, September 6th. Finally, UBS Group boosted their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $214.10.

About Talen Energy

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.