XTX Topco Ltd Purchases Shares of 2,920 Talen Energy Corporation (NASDAQ:TLN)

XTX Topco Ltd acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,920 shares of the utilities provider’s stock, valued at approximately $520,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TLN. Allspring Global Investments Holdings LLC bought a new position in Talen Energy during the 3rd quarter valued at about $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of Talen Energy in the third quarter valued at approximately $7,967,000. Guidance Capital Inc. acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $348,000. Mcdaniel Terry & Co. bought a new stake in Talen Energy during the 3rd quarter worth approximately $371,000. Finally, Spirit of America Management Corp NY acquired a new stake in Talen Energy during the 3rd quarter valued at $214,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Down 0.9 %

Shares of Talen Energy stock opened at $207.46 on Friday. The business has a fifty day simple moving average of $187.01 and a 200 day simple moving average of $132.47. The stock has a market cap of $10.55 billion and a PE ratio of 11.11. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12 month low of $58.28 and a 12 month high of $230.89.

Analyst Ratings Changes

Several brokerages have recently commented on TLN. BWS Financial increased their target price on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock. Royal Bank of Canada assumed coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price for the company. Barclays raised their price target on shares of Talen Energy from $202.00 to $245.00 and gave the company an “overweight” rating in a report on Friday. Finally, Daiwa Capital Markets started coverage on Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and a consensus price target of $222.40.

About Talen Energy

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.