5,618 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. purchased a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,618 shares of the utilities provider's stock, valued at approximately $1,001,000.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Talen Energy during the 3rd quarter valued at $7,967,000. Shikiar Asset Management Inc. bought a new stake in Talen Energy in the 2nd quarter worth $278,000. Mcdaniel Terry & Co. purchased a new position in shares of Talen Energy in the third quarter valued at about $371,000. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Talen Energy during the third quarter valued at about $361,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Up 2.8 %

Shares of Talen Energy stock traded up $5.16 during midday trading on Monday, hitting $186.41. The company had a trading volume of 638,303 shares, compared to its average volume of 612,756. Talen Energy Corporation has a 52-week low of $52.01 and a 52-week high of $197.61. 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 company has a 50 day moving average of $127.91 and a 200 day moving average of $101.64.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, topping analysts' consensus estimates of ($1.14) by $1.33. The firm had revenue of $489.00 million for the quarter, compared to analysts' expectations of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. On average, research analysts forecast that Talen Energy Corporation will post 13.79 EPS for the current year.

Analysts Set New Price Targets

TLN has been the topic of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research note on Thursday, October 17th. They issued an "overweight" rating and a $268.00 target price on the stock. Royal Bank of Canada began coverage on Talen Energy in a research report on Thursday, September 26th. They issued an "outperform" rating and a $233.00 price objective on the stock. UBS Group assumed coverage on Talen Energy in a research note on Wednesday, September 18th. They set a "buy" rating and a $197.00 target price on the stock. BWS Financial raised their price target on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. Finally, Oppenheimer boosted their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, September 24th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $205.33.

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.