GSA Capital Partners LLP Takes Position in Talen Energy Corporation (NASDAQ:TLN)

GSA Capital Partners LLP acquired a new position in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,845 shares of the utilities provider’s stock, valued at approximately $1,398,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. River Road Asset Management LLC acquired a new stake in shares of Talen Energy in the third quarter worth $277,653,000. Yacktman Asset Management LP acquired a new stake in Talen Energy during the 3rd quarter worth about $79,299,000. Allspring Global Investments Holdings LLC purchased a new position in Talen Energy during the 3rd quarter valued at about $29,464,000. M&G PLC acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $14,797,000. Finally, Roubaix Capital LLC purchased a new stake in shares of Talen Energy in the third quarter worth approximately $11,234,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Down 1.1 %

TLN opened at $206.52 on Thursday. The stock has a 50-day moving average of $146.52 and a 200-day moving average of $111.65. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02. Talen Energy Corporation has a 52-week low of $52.01 and a 52-week high of $217.70.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, beating the consensus estimate of ($1.14) by $1.33. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. The company had revenue of $489.00 million for the quarter, compared to the consensus estimate of $437.50 million. Equities analysts forecast that Talen Energy Corporation will post 14.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Barclays dropped 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 note on Monday, October 21st. BWS Financial lifted their price objective on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. initiated coverage on Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock. Finally, Jefferies Financial Group assumed coverage on Talen Energy in a report on Friday, September 13th. They set a “buy” rating and a $226.00 price target for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $205.33.

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.