Holocene Advisors LP Buys New Position in Talen Energy Corporation (NASDAQ:TLN)

Holocene Advisors 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 disclosure with the SEC. The institutional investor purchased 17,200 shares of the utilities provider’s stock, valued at approximately $3,066,000.

A number of other large investors have also recently bought and sold shares of TLN. Cinctive Capital Management LP bought a new stake in Talen Energy during the 3rd quarter worth about $1,079,000. Clearline Capital LP acquired a new stake in shares of Talen Energy in the third quarter valued at about $18,303,000. Concentric Capital Strategies LP bought a new stake in Talen Energy during the third quarter worth about $1,559,000. Atalan Capital Partners LP acquired a new position in Talen Energy during the third quarter valued at approximately $126,016,000. Finally, Monarch Alternative Capital LP bought a new position in Talen Energy in the third quarter valued at approximately $258,448,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Up 0.8 %

Shares of TLN stock opened at $223.54 on Friday. Talen Energy Corporation has a 12-month low of $57.01 and a 12-month high of $228.99. The firm has a 50 day moving average price of $176.79 and a two-hundred day moving average price of $127.01. 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 company has a market capitalization of $11.37 billion and a PE ratio of 11.97.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BWS Financial increased their price objective on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 6th. Jefferies Financial Group initiated coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a “buy” rating and a $226.00 price objective for the company. Guggenheim upped their target price on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. assumed coverage on Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price target for the company. Finally, Daiwa Capital Markets initiated coverage on Talen Energy in a research report on Wednesday. They set a “buy” rating and a $248.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $214.10.

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.