Portolan Capital Management LLC Acquires New Stake in Talen Energy Corporation (NASDAQ:TLN)

Portolan Capital Management LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 221,145 shares of the utilities provider’s stock, valued at approximately $39,417,000. Talen Energy comprises about 2.9% of Portolan Capital Management LLC’s portfolio, making the stock its 4th largest position. Portolan Capital Management LLC owned approximately 0.43% of Talen Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TLN. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the 3rd quarter worth $36,000. Spirit of America Management Corp NY purchased a new position in shares of Talen Energy in the third quarter worth $214,000. World Equity Group Inc. purchased a new position in shares of Talen Energy in the third quarter worth $237,000. Point72 Hong Kong Ltd purchased a new position in shares of Talen Energy in the third quarter worth $257,000. Finally, Guidance Capital Inc. purchased a new position in shares of Talen Energy in the third quarter worth $348,000. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Royal Bank of Canada assumed coverage on Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price target for the company. BWS Financial upped their price objective on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Barclays reduced their price objective on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective for the company. Finally, UBS Group upped their price objective on Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy has a consensus rating of “Buy” and an average price target of $210.33.

Talen Energy Stock Performance

Shares of TLN opened at $212.63 on Wednesday. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The business has a 50-day simple moving average of $172.88 and a two-hundred day simple moving average of $125.70. The stock has a market cap of $10.81 billion and a price-to-earnings ratio of 11.38. Talen Energy Corporation has a 52 week low of $56.16 and a 52 week high of $222.49.

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.