Oppenheimer Asset Management Inc. Takes $1.41 Million Position in Talen Energy Corporation (NASDAQ:TLN)

Oppenheimer Asset Management Inc. purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,917 shares of the utilities provider's stock, valued at approximately $1,411,000.

Several other large investors also recently made changes to their positions in the company. Roubaix Capital LLC bought a new position in shares of Talen Energy in the third quarter valued at approximately $11,234,000. M&G PLC bought a new stake in Talen Energy during the third quarter worth approximately $14,797,000. River Road Asset Management LLC bought a new stake in Talen Energy during the third quarter worth approximately $277,653,000. Riggs Asset Managment Co. Inc. bought a new stake in Talen Energy during the third quarter worth approximately $1,001,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in Talen Energy during the third quarter worth approximately $7,967,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Performance

NASDAQ:TLN traded up $7.65 during midday trading on Monday, reaching $208.08. The stock had a trading volume of 324,143 shares, compared to its average volume of 660,892. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The stock has a market capitalization of $10.61 billion and a P/E ratio of 10.73. The firm's fifty day simple moving average is $149.91 and its 200-day simple moving average is $113.79. Talen Energy Corporation has a 1-year low of $53.36 and a 1-year high of $217.79.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of research reports. BWS Financial raised their target price on shares of Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Oppenheimer raised their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 24th. Royal Bank of Canada started coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an "outperform" rating and a $233.00 price objective for the company. UBS Group raised their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Jefferies Financial Group started coverage on shares of Talen Energy in a research note on Friday, September 13th. They issued a "buy" rating and a $226.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy presently has an average rating of "Buy" and an average price target of $210.33.

Talen Energy Company 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.