Cassaday & Co Wealth Management LLC Makes New $624,000 Investment in Talen Energy Corporation (NASDAQ:TLN)

Cassaday & Co Wealth Management LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,500 shares of the utilities provider’s stock, valued at approximately $624,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Spirit of America Management Corp NY acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $214,000. World Equity Group Inc. purchased a new position in Talen Energy during the 3rd quarter worth $237,000. Guidance Capital Inc. purchased a new position in Talen Energy during the 3rd quarter worth $348,000. Mount Yale Investment Advisors LLC acquired a new position in Talen Energy in the third quarter valued at $361,000. Finally, Mcdaniel Terry & Co. acquired a new stake in shares of Talen Energy during the third quarter worth about $371,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. Jefferies Financial Group began coverage on Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. Barclays dropped their price objective on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Oppenheimer raised their target price on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. UBS Group boosted their price target on shares of Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BWS Financial raised their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $210.33.

Talen Energy Stock Up 3.5 %

Shares of NASDAQ TLN opened at $207.49 on Tuesday. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $151.68 and a 200 day moving average price of $114.75. Talen Energy Corporation has a 52 week low of $53.36 and a 52 week high of $217.79. The stock has a market capitalization of $10.55 billion and a price-to-earnings ratio of 11.11.

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.