Bridgewater Associates LP Acquires Shares of 23,993 Talen Energy Corporation (NASDAQ:TLN)

Bridgewater Associates LP bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 23,993 shares of the utilities provider’s stock, valued at approximately $4,277,000.

Several other institutional investors also recently modified their holdings of TLN. BNP Paribas Financial Markets bought a new position in Talen Energy during the third quarter valued at about $36,000. Quantbot Technologies LP bought a new position in shares of Talen Energy during the 3rd quarter valued at approximately $5,883,000. FMR LLC purchased a new stake in shares of Talen Energy during the 3rd quarter worth approximately $141,363,000. The Manufacturers Life Insurance Company bought a new stake in shares of Talen Energy in the 3rd quarter worth approximately $2,624,000. Finally, Mirabella Financial Services LLP purchased a new position in Talen Energy in the third quarter valued at approximately $168,108,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

Talen Energy stock opened at $214.41 on Friday. Talen Energy Corporation has a 1-year low of $55.82 and a 1-year 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. The firm has a market capitalization of $10.90 billion and a PE ratio of 11.46. The firm’s 50 day simple moving average is $167.28 and its 200 day simple moving average is $122.03.

Analysts Set New Price Targets

TLN has been the subject of a number of recent research reports. BWS Financial raised their target price on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. UBS Group boosted 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. Jefferies Financial Group initiated coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target on the stock. Finally, Oppenheimer raised their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $210.33.

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.