Quadrature Capital Ltd Acquires New Holdings in Talen Energy Corporation (NASDAQ:TLN)

Quadrature Capital Ltd acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,715 shares of the utilities provider's stock, valued at approximately $3,514,000.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Talen Energy during the 3rd quarter worth approximately $36,000. Spirit of America Management Corp NY purchased a new stake in Talen Energy during the 3rd quarter valued at $214,000. World Equity Group Inc. purchased a new stake in Talen Energy during the 3rd quarter valued at $237,000. Point72 Hong Kong Ltd purchased a new stake in Talen Energy during the 3rd quarter valued at $257,000. Finally, Guidance Capital Inc. purchased a new stake in Talen Energy during the 3rd quarter valued at $348,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TLN. BWS Financial increased their price target on Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 6th. Oppenheimer upped their price objective on Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research report on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price objective on the stock. Guggenheim upped their price objective on Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Daiwa Capital Markets assumed coverage on Talen Energy in a research report on Wednesday. They issued a "buy" rating and a $248.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $214.10.

Talen Energy Stock Down 1.0 %

Shares of TLN traded down $2.13 during midday trading on Friday, reaching $221.41. 568,172 shares of the stock were exchanged, compared to its average volume of 669,033. Talen Energy Corporation has a 52 week low of $57.01 and a 52 week high of $230.89. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company's 50 day moving average is $178.71 and its two-hundred day moving average is $128.04. The company has a market capitalization of $11.26 billion and a P/E ratio of 11.85.

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.