River Road Asset Management LLC Takes $277.65 Million Position in Talen Energy Corporation (NASDAQ:TLN)

River Road Asset Management LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,557,749 shares of the utilities provider's stock, valued at approximately $277,653,000. Talen Energy makes up approximately 3.6% of River Road Asset Management LLC's holdings, making the stock its largest holding. River Road Asset Management LLC owned 3.05% of Talen Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Spirit of America Management Corp NY acquired a new position in Talen Energy during the 3rd quarter valued at $214,000. World Equity Group Inc. acquired a new position in Talen Energy in the third quarter worth $237,000. Shikiar Asset Management Inc. acquired a new position in Talen Energy during the 2nd quarter worth about $278,000. Guidance Capital Inc. acquired a new position in shares of Talen Energy during the third quarter worth approximately $348,000. Finally, Mount Yale Investment Advisors LLC bought a new position in Talen Energy in the 3rd quarter valued at $361,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Up 11.6 %

Shares of TLN stock traded up $19.73 during trading on Tuesday, reaching $189.73. 2,339,444 shares of the company's stock were exchanged, compared to its average volume of 638,695. The firm's fifty day moving average price is $134.39 and its 200-day moving average price is $105.44. Talen Energy Corporation has a twelve month low of $52.01 and a twelve month high of $197.61. 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 (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data 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. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The firm had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. As a group, research analysts predict that Talen Energy Corporation will post 14.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

TLN has been the subject of several recent research reports. BWS Financial boosted their price objective on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Royal Bank of Canada initiated coverage on Talen Energy in a report on Thursday, September 26th. They set an "outperform" rating and a $233.00 target price on the stock. 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 target on the stock. Guggenheim upped their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, Barclays reduced their target price 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price 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.