Mirabella Financial Services LLP Invests $168.11 Million in Talen Energy Corporation (NASDAQ:TLN)

Mirabella Financial Services LLP bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 943,157 shares of the utilities provider’s stock, valued at approximately $168,108,000. Talen Energy comprises approximately 10.9% of Mirabella Financial Services LLP’s holdings, making the stock its largest position. Mirabella Financial Services LLP owned about 1.85% of Talen Energy at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TLN. Shikiar Asset Management Inc. purchased a new stake in Talen Energy in the second quarter worth about $278,000. Allspring Global Investments Holdings LLC bought a new position in shares of Talen Energy during the 3rd quarter valued at approximately $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Talen Energy in the 3rd quarter worth approximately $7,967,000. Guidance Capital Inc. bought a new stake in Talen Energy during the 3rd quarter worth approximately $348,000. Finally, Mcdaniel Terry & Co. bought a new stake in Talen Energy during the 3rd quarter worth approximately $371,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Price Performance

NASDAQ:TLN opened at $214.20 on Monday. The business’s 50-day moving average is $159.48 and its 200 day moving average is $118.78. Talen Energy Corporation has a 12 month low of $53.95 and a 12 month high of $222.49. The company has a market capitalization of $10.89 billion and a P/E ratio of 11.47. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TLN. Royal Bank of Canada assumed 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. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target for the company. BWS Financial raised 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. UBS Group upped their price objective on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Oppenheimer increased their target price on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy has an average rating of “Buy” and a consensus target price 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.