Mirabella Financial Services LLP Makes New $168.11 Million Investment in Talen Energy Corporation (NASDAQ:TLN)

Mirabella Financial Services LLP bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 943,157 shares of the utilities provider’s stock, valued at approximately $168,108,000. Talen Energy comprises about 10.9% of Mirabella Financial Services LLP’s holdings, making the stock its largest position.

Several other hedge funds have also recently made changes to their positions in the business. Shikiar Asset Management Inc. purchased a new position in Talen Energy in the second quarter worth about $278,000. Allspring Global Investments Holdings LLC purchased a new stake in Talen Energy during the third quarter valued at approximately $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $7,967,000. Guidance Capital Inc. purchased a new position in shares of Talen Energy in the 3rd quarter worth approximately $348,000. Finally, Mcdaniel Terry & Co. bought a new position in shares of Talen Energy during the 3rd quarter valued at approximately $371,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TLN has been the subject of several analyst reports. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price objective for the company. JPMorgan Chase & Co. began coverage on Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target on the stock. UBS Group boosted their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group began coverage on Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. Finally, Barclays lowered their price target on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $210.33.

Talen Energy Trading Down 2.6 %

Talen Energy stock opened at $214.20 on Monday. Talen Energy Corporation has a 52 week low of $53.95 and a 52 week high of $222.49. The stock has a 50-day moving average price of $159.48 and a 200 day moving average price of $118.78. 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 $10.89 billion and a price-to-earnings ratio of 11.47.

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.