Concentric Capital Strategies LP Buys Shares of 8,747 Talen Energy Corporation (NASDAQ:TLN)

Concentric Capital Strategies LP purchased a new position in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,747 shares of the utilities provider’s stock, valued at approximately $1,559,000.

A number of other large investors have also recently made changes to their positions in the stock. Rubric Capital Management LP bought a new position in Talen Energy in the third quarter valued at about $2,026,342,000. River Road Asset Management LLC purchased a new stake in shares of Talen Energy during the 3rd quarter valued at about $277,653,000. Monarch Alternative Capital LP bought a new position in shares of Talen Energy in the 3rd quarter worth approximately $258,448,000. Mirabella Financial Services LLP purchased a new position in shares of Talen Energy in the third quarter worth approximately $168,108,000. Finally, FMR LLC bought a new stake in Talen Energy during the third quarter valued at approximately $141,363,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Down 2.1 %

Shares of TLN opened at $209.81 on Tuesday. Talen Energy Corporation has a 12-month low of $56.16 and a 12-month 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 company has a market capitalization of $10.67 billion and a PE ratio of 11.23. The business’s 50 day moving average is $171.01 and its 200 day moving average is $124.72.

Analysts Set New Price Targets

Several research firms have weighed in on TLN. BWS Financial increased their price target on shares of 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 raised their target price on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a report on Friday, November 15th. 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 target for the company. Barclays reduced their price target on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Guggenheim lifted their price objective on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average 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.