Natixis Advisors LLC Takes $1.88 Million Position in Talen Energy Corporation (NASDAQ:TLN)

Natixis Advisors LLC acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the third quarter, HoldingsChannel reports. The institutional investor acquired 10,530 shares of the utilities provider’s stock, valued at approximately $1,877,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Shikiar Asset Management Inc. acquired a new position in Talen Energy in the 2nd quarter valued at $278,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Talen Energy in the third quarter valued at $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in Talen Energy in the third quarter valued at $7,967,000. Guidance Capital Inc. purchased a new position in Talen Energy during the third quarter worth about $348,000. Finally, Mcdaniel Terry & Co. purchased a new position in Talen Energy during the third quarter worth about $371,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Down 2.3 %

Shares of NASDAQ TLN opened at $209.34 on Tuesday. The stock has a fifty day moving average price of $159.48 and a 200 day moving average price of $118.78. The company has a market cap of $10.64 billion and a P/E ratio of 11.21. Talen Energy Corporation has a 12-month low of $53.95 and a 12-month high of $222.49. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Analyst Ratings Changes

A number of research analysts have recently commented on TLN shares. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a research note on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective for the company. Oppenheimer upped their price target on shares of 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 price target on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. UBS Group boosted their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada initiated coverage on Talen Energy in a research report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price on the stock. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $210.33.

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.