Natixis Advisors LLC Acquires Shares of 10,530 Talen Energy Corporation (NASDAQ:TLN)

Natixis Advisors LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,530 shares of the utilities provider’s stock, valued at approximately $1,877,000.

A number of other institutional investors have also modified their holdings of TLN. Spirit of America Management Corp NY acquired a new stake in Talen Energy during the 3rd quarter worth approximately $214,000. World Equity Group Inc. acquired a new stake in shares of Talen Energy during the third quarter worth $237,000. Guidance Capital Inc. purchased a new position in Talen Energy in the 3rd quarter valued at $348,000. Mount Yale Investment Advisors LLC acquired a new position in Talen Energy in the 3rd quarter valued at $361,000. Finally, Mcdaniel Terry & Co. purchased a new position in Talen Energy during the 3rd quarter worth $371,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Trading Down 2.3 %

Shares of TLN stock opened at $209.34 on Tuesday. Talen Energy Corporation has a fifty-two week low of $53.95 and a fifty-two week high of $222.49. 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 fifty day simple moving average of $159.48 and a 200-day simple moving average of $118.78. The stock has a market cap of $10.64 billion and a P/E ratio of 11.21.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TLN shares. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock. Oppenheimer boosted 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. Guggenheim increased their target price on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group started coverage on Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 price target on the stock. Finally, Royal Bank of Canada assumed coverage on Talen Energy in a research report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy currently has a consensus rating of “Buy” and an average 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.