Temasek Holdings Private Ltd Invests $3.17 Million in Talen Energy Corporation (NASDAQ:TLN)

Temasek Holdings Private Ltd purchased a new position in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, Holdings Channel reports. The institutional investor purchased 17,791 shares of the utilities provider’s stock, valued at approximately $3,171,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the 3rd quarter valued at $36,000. Spirit of America Management Corp NY bought a new stake in shares of Talen Energy in the 3rd quarter valued at $214,000. World Equity Group Inc. bought a new stake in shares of Talen Energy in the 3rd quarter valued at $237,000. Point72 Hong Kong Ltd bought a new stake in shares of Talen Energy in the 3rd quarter valued at $257,000. Finally, Shikiar Asset Management Inc. bought a new stake in shares of Talen Energy in the 2nd quarter valued at $278,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Up 0.8 %

Shares of Talen Energy stock opened at $223.54 on Friday. Talen Energy Corporation has a 12-month low of $57.01 and a 12-month high of $228.99. The company has a market cap of $11.37 billion and a price-to-earnings ratio of 11.97. 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’s 50-day moving average price is $176.79 and its 200-day moving average price is $127.01.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective for the company. UBS Group boosted their price target on shares of 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 assumed coverage on shares of Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 price target for the company. Royal Bank of Canada assumed coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target for the company. Finally, Guggenheim boosted their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $214.10.

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.