Cinctive Capital Management LP Invests $1.08 Million in Talen Energy Corporation (NASDAQ:TLN)

Cinctive Capital Management LP purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,051 shares of the utilities provider’s stock, valued at approximately $1,079,000.

A number of other institutional investors have also recently bought and sold shares of TLN. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the third quarter valued at $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy in the 3rd quarter valued at about $214,000. World Equity Group Inc. bought a new position in Talen Energy in the 3rd quarter valued at about $237,000. Point72 Hong Kong Ltd bought a new stake in shares of Talen Energy during the third quarter worth approximately $257,000. Finally, Shikiar Asset Management Inc. acquired a new position in shares of Talen Energy in the second quarter valued at approximately $278,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TLN shares. BWS Financial lifted their price target on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target on the stock. Jefferies Financial Group started coverage on shares of Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 price objective for the company. Royal Bank of Canada started coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. Finally, 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $210.33.

Talen Energy Stock Up 1.3 %

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

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.