83,127 Shares in Talen Energy Corporation (NASDAQ:TLN) Bought by M&G Plc

M&G PLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 83,127 shares of the utilities provider's stock, valued at approximately $14,797,000. M&G PLC owned 0.16% of Talen Energy at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC bought a new stake in shares of Talen Energy in the 3rd quarter worth about $277,653,000. Yacktman Asset Management LP acquired a new stake in shares of Talen Energy during the 3rd quarter valued at approximately $79,299,000. World Equity Group Inc. bought a new position in Talen Energy during the third quarter worth $237,000. Roubaix Capital LLC acquired a new position in Talen Energy in the third quarter worth $11,234,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in Talen Energy during the third quarter valued at $1,001,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Trading Up 0.4 %

TLN stock traded up $0.92 during trading hours on Friday, reaching $206.50. The stock had a trading volume of 1,325,524 shares, compared to its average volume of 651,821. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.86 and a current ratio of 4.51. The stock has a 50-day simple moving average of $141.03 and a 200 day simple moving average of $108.48. Talen Energy Corporation has a fifty-two week low of $52.01 and a fifty-two week high of $214.00.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($1.14) by $1.33. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. The firm had revenue of $489.00 million for the quarter, compared to the consensus estimate of $437.50 million. Equities research analysts anticipate that Talen Energy Corporation will post 14.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of research analyst reports. Guggenheim upped their price target on shares of Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. UBS Group began coverage on shares of Talen Energy in a research note on Wednesday, September 18th. They issued a "buy" rating and a $197.00 price objective on the stock. BWS Financial increased their price objective on Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 6th. 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 objective for the company. Finally, 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 price target for the company. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $205.33.

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.