Seldon Capital LP Buys Shares of 82,095 Talen Energy Corporation (NASDAQ:TLN)

Seldon Capital LP purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 82,095 shares of the utilities provider's stock, valued at approximately $14,633,000. Talen Energy comprises about 8.3% of Seldon Capital LP's investment portfolio, making the stock its 3rd largest position. Seldon Capital LP owned about 0.16% of Talen Energy at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new stake in shares of Talen Energy during the third quarter worth $77,067,000. Navellier & Associates Inc. acquired a new position in Talen Energy during the third quarter worth approximately $494,000. Thompson Siegel & Walmsley LLC bought a new stake in Talen Energy in the 3rd quarter valued at $2,226,000. Jennison Associates LLC acquired a new stake in shares of Talen Energy during the 3rd quarter worth about $102,840,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Talen Energy during the third quarter worth approximately $624,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 2.6 %

Shares of NASDAQ TLN traded down $5.69 during mid-day trading on Friday, hitting $214.20. 942,997 shares of the stock traded hands, compared to its average volume of 1,204,439. The stock has a fifty day moving average price of $159.48 and a 200-day moving average price of $118.78. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company has a market cap of $10.89 billion and a price-to-earnings ratio of 11.47. Talen Energy Corporation has a 52 week low of $53.95 and a 52 week high of $222.49.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TLN. Guggenheim increased their price target on Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Oppenheimer raised their target price on shares of Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, September 24th. Royal Bank of Canada assumed coverage on shares of Talen Energy in a report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price target for the company. JPMorgan Chase & Co. began coverage on Talen Energy in a report on Thursday, October 17th. They set an "overweight" rating and a $268.00 price objective on the stock. Finally, BWS Financial upped their target price on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of "Buy" and a consensus 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.