Orion Portfolio Solutions LLC Buys Shares of 9,618 Talen Energy Corporation (NASDAQ:TLN)

Orion Portfolio Solutions LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 9,618 shares of the utilities provider's stock, valued at approximately $1,714,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Talen Energy in the third quarter worth $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Talen Energy in the 3rd quarter valued at $7,967,000. Guidance Capital Inc. acquired a new stake in Talen Energy during the 3rd quarter worth $348,000. Mcdaniel Terry & Co. bought a new position in Talen Energy during the third quarter worth about $371,000. Finally, Spirit of America Management Corp NY acquired a new position in Talen Energy in the third quarter valued at about $214,000. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TLN has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on Talen Energy in a report on Friday, September 13th. They set a "buy" rating and a $226.00 price objective on the stock. BWS Financial upped their price objective on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. UBS Group upped their price target on Talen Energy from $197.00 to $242.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Guggenheim lifted their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, Barclays increased their price objective on shares of Talen Energy from $202.00 to $245.00 and gave the stock an "overweight" rating in a research note on Friday. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $222.40.

Talen Energy Price Performance

TLN stock traded down $1.96 during trading on Friday, reaching $207.46. 371,909 shares of the company were exchanged, compared to its average volume of 670,646. Talen Energy Corporation has a twelve month low of $58.28 and a twelve month high of $230.89. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The company has a market capitalization of $10.55 billion and a price-to-earnings ratio of 11.46. The company has a 50-day moving average of $185.36 and a two-hundred day moving average of $131.65.

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.