Cassaday & Co Wealth Management LLC Buys Shares of 3,500 Talen Energy Corporation (NASDAQ:TLN)

Cassaday & Co Wealth Management LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, Holdings Channel reports. The fund purchased 3,500 shares of the utilities provider’s stock, valued at approximately $624,000.

Several other large investors have also modified their holdings of the business. Roubaix Capital LLC purchased a new stake in Talen Energy during the 3rd quarter worth about $11,234,000. M&G PLC purchased a new stake in shares of Talen Energy during the third quarter worth about $14,797,000. River Road Asset Management LLC acquired a new position in shares of Talen Energy in the third quarter valued at approximately $277,653,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of Talen Energy during the third quarter valued at approximately $1,001,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Talen Energy during the third quarter worth approximately $1,411,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TLN shares. JPMorgan Chase & Co. began coverage on Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target for the company. UBS Group increased their target price on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer lifted their price target on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Jefferies Financial Group started coverage on shares of Talen Energy in a report on Friday, September 13th. They set a “buy” rating and a $226.00 price objective on the stock. Finally, BWS Financial boosted their target price on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $210.33.

Talen Energy Trading Up 3.5 %

Shares of TLN stock opened at $207.49 on Tuesday. Talen Energy Corporation has a fifty-two week low of $53.36 and a fifty-two week high of $217.79. The firm’s 50 day moving average price is $151.68 and its two-hundred day moving average price is $114.75. The stock has a market cap of $10.55 billion and a price-to-earnings 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 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.