JAT Capital Mgmt LP acquired a new stake in Talen Energy Corporation (NASDAQ:TLN – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,100 shares of the utilities provider’s stock, valued at approximately $2,513,000.
Several other large investors also recently modified their holdings of TLN. Shikiar Asset Management Inc. acquired a new position in Talen Energy during the 2nd quarter worth $278,000. Allspring Global Investments Holdings LLC bought a new position in shares of Talen Energy in the 3rd quarter worth about $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Talen Energy during the 3rd quarter valued at about $7,967,000. Guidance Capital Inc. acquired a new stake in Talen Energy during the third quarter worth about $348,000. Finally, Mcdaniel Terry & Co. bought a new position in Talen Energy in the third quarter worth about $371,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.
Talen Energy Stock Up 0.2 %
Shares of NASDAQ:TLN opened at $214.41 on Friday. The company has a market capitalization of $10.90 billion and a PE ratio of 11.48. 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’s fifty day moving average is $167.28 and its 200-day moving average is $122.03. Talen Energy Corporation has a 52 week low of $55.82 and a 52 week high of $222.49.
Analyst Upgrades and Downgrades
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.
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