1,443 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,443 shares of the utilities provider’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in Talen Energy during the third quarter worth approximately $36,000. Spirit of America Management Corp NY acquired a new position in shares of Talen Energy during the 3rd quarter valued at $214,000. World Equity Group Inc. acquired a new position in shares of Talen Energy during the 3rd quarter valued at $237,000. Shikiar Asset Management Inc. bought a new stake in shares of Talen Energy in the 2nd quarter worth $278,000. Finally, Guidance Capital Inc. acquired a new stake in shares of Talen Energy in the third quarter valued at $348,000. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TLN shares. Royal Bank of Canada initiated 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. 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. Barclays reduced their target price on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, October 21st. BWS Financial upped their price target on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, UBS Group raised their price objective on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $210.33.

Talen Energy Trading Down 2.1 %

Talen Energy stock opened at $209.81 on Tuesday. Talen Energy Corporation has a 52 week low of $56.16 and a 52 week high of $222.49. 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 firm has a market capitalization of $10.67 billion and a price-to-earnings ratio of 11.23. The company has a 50 day moving average price of $171.01 and a 200 day moving average price of $124.72.

About Talen Energy

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.