OneDigital Investment Advisors LLC Invests $1.10 Million in Talen Energy Corporation (NASDAQ:TLN)

OneDigital Investment Advisors LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,153 shares of the utilities provider's stock, valued at approximately $1,097,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. bought a new position in Talen Energy in the 3rd quarter valued at $1,411,000. Victory Capital Management Inc. bought a new position in Talen Energy during the third quarter valued at about $929,000. GSA Capital Partners LLP purchased a new stake in Talen Energy during the third quarter worth about $1,398,000. M&G PLC bought a new stake in Talen Energy in the third quarter worth about $14,797,000. Finally, River Road Asset Management LLC purchased a new position in Talen Energy in the third quarter valued at about $277,653,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TLN. UBS Group raised their target price on Talen Energy from $197.00 to $242.00 and gave the stock a "buy" rating in a research report on Friday. Oppenheimer raised their target price on Talen Energy from $165.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 24th. Barclays reduced their price target on shares of Talen Energy from $207.00 to $202.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. began 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. Finally, BWS Financial raised their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy presently has a consensus rating of "Buy" and a consensus price target of $210.33.

Talen Energy Trading Up 3.5 %

Shares of NASDAQ:TLN traded up $7.21 during midday trading on Tuesday, hitting $214.70. 696,373 shares of the stock traded hands, compared to its average volume of 662,130. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $10.92 billion and a PE ratio of 11.49. Talen Energy Corporation has a one year low of $53.36 and a one year high of $217.79. The business's 50 day moving average is $153.58 and its two-hundred day moving average is $115.77.

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.