2,773 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,773 shares of the utilities provider’s stock, valued at approximately $494,000.

A number of other large investors have also recently bought and sold shares of the stock. River Road Asset Management LLC acquired a new stake in Talen Energy during the 3rd quarter valued at $277,653,000. Jennison Associates LLC acquired a new stake in Talen Energy during the 3rd quarter valued at $102,840,000. Yacktman Asset Management LP acquired a new stake in Talen Energy during the 3rd quarter valued at $79,299,000. Mizuho Markets Americas LLC acquired a new stake in Talen Energy during the 3rd quarter valued at $33,866,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Talen Energy during the 3rd quarter valued at $29,464,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Up 6.7 %

Shares of TLN opened at $219.93 on Friday. 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 $11.18 billion and a P/E ratio of 11.77. The stock’s fifty day simple moving average is $155.30 and its 200 day simple moving average is $116.38. Talen Energy Corporation has a twelve month low of $53.95 and a twelve month high of $222.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TLN shares. Royal Bank of Canada initiated coverage on Talen Energy in a report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. BWS Financial raised their price objective on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Guggenheim raised their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock. Finally, UBS Group raised their price objective on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $210.33.

Talen Energy 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.