Loomis Sayles & Co. L P Buys Shares of 213,144 Talen Energy Corporation (NASDAQ:TLN)

Loomis Sayles & Co. L P purchased a new position in Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 213,144 shares of the utilities provider’s stock, valued at approximately $37,991,000. Loomis Sayles & Co. L P owned about 0.42% of Talen Energy as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Roubaix Capital LLC acquired a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $11,234,000. M&G PLC acquired a new stake in Talen Energy during the 3rd quarter worth approximately $14,797,000. River Road Asset Management LLC bought a new position in Talen Energy in the third quarter valued at approximately $277,653,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Talen Energy in the third quarter valued at approximately $1,411,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in shares of Talen Energy during the third quarter worth $1,001,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TLN has been the topic of several research reports. UBS Group boosted their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Barclays decreased their price objective on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Oppenheimer boosted their target price on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective on the stock. Finally, BWS Financial increased 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. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $210.33.

Talen Energy Stock Down 2.3 %

TLN stock opened at $209.34 on Tuesday. Talen Energy Corporation has a 1-year low of $53.95 and a 1-year high of $222.49. The business’s 50 day simple moving average is $159.48 and its 200 day simple moving average is $118.78. 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 firm has a market capitalization of $10.64 billion and a PE ratio of 11.21.

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.