213,144 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 213,144 shares of the utilities provider’s stock, valued at approximately $37,991,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Spirit of America Management Corp NY bought a new stake in Talen Energy during the third quarter worth about $214,000. World Equity Group Inc. bought a new position in Talen Energy in the third quarter valued at approximately $237,000. Guidance Capital Inc. acquired a new position in Talen Energy during the third quarter valued at approximately $348,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Talen Energy in the 3rd quarter valued at $361,000. Finally, Mcdaniel Terry & Co. bought a new position in shares of Talen Energy in the 3rd quarter valued at $371,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on TLN shares. UBS Group raised their price objective on Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Guggenheim raised their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Barclays cut their price target on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Jefferies Financial Group initiated coverage on Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 price objective on the stock. Finally, Oppenheimer raised their target price on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy currently has a consensus rating of “Buy” and a consensus target price of $210.33.

Talen Energy Stock Down 2.3 %

TLN stock opened at $209.34 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a fifty-two week low of $53.95 and a fifty-two week high of $222.49. The stock’s 50 day simple moving average is $159.48 and its 200 day simple moving average is $118.78. The company has a market cap of $10.64 billion and a P/E ratio of 11.21.

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.