JAT Capital Mgmt LP Takes $2.51 Million Position in Talen Energy Corporation (NASDAQ:TLN)

JAT Capital Mgmt LP acquired a new stake in Talen Energy Corporation (NASDAQ:TLNFree 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

A number of brokerages recently issued reports on TLN. JPMorgan Chase & Co. assumed coverage on Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective for the company. Oppenheimer raised their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a “buy” rating and a $226.00 price target for the company. UBS Group boosted their price target on Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada started coverage on Talen Energy in a report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $210.33.

View Our Latest Report on TLN

Talen Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Talen Energy (NASDAQ:TLN)

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