63,028 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Roubaix Capital LLC

Roubaix Capital LLC acquired a new position 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 Securities and Exchange Commission (SEC). The fund acquired 63,028 shares of the utilities provider's stock, valued at approximately $11,234,000. Talen Energy makes up about 6.2% of Roubaix Capital LLC's investment portfolio, making the stock its biggest position. Roubaix Capital LLC owned 0.12% of Talen Energy at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Spirit of America Management Corp NY bought a new stake in Talen Energy in the 3rd quarter worth approximately $214,000. Guidance Capital Inc. purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $348,000. Mount Yale Investment Advisors LLC bought a new position in shares of Talen Energy in the third quarter worth approximately $361,000. Mcdaniel Terry & Co. purchased a new position in shares of Talen Energy in the third quarter worth $371,000. Finally, Shikiar Asset Management Inc. bought a new stake in Talen Energy during the 2nd quarter valued at $278,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Trading Up 4.1 %

NASDAQ TLN traded up $7.13 during trading on Thursday, hitting $181.36. The company had a trading volume of 874,973 shares, compared to its average volume of 613,957. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. Talen Energy Corporation has a one year low of $52.01 and a one year high of $197.61. The company's fifty day moving average is $130.58 and its 200-day moving average is $102.92.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.14) by $1.33. The company had revenue of $489.00 million during the quarter, compared to analyst estimates of $437.50 million. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. Equities research analysts expect that Talen Energy Corporation will post 13.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Oppenheimer upped their price target on shares of Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a report on Tuesday, September 24th. Barclays lowered their price target on shares of Talen Energy from $207.00 to $202.00 and set an "overweight" rating for the company in a report on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of Talen Energy in a report on Friday, September 13th. They set a "buy" rating and a $226.00 price target for the company. Royal Bank of Canada assumed coverage on shares of Talen Energy in a report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price target for the company. Finally, UBS Group assumed coverage on shares of Talen Energy in a report on Wednesday, September 18th. They set a "buy" rating and a $197.00 price target for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.