Navellier & Associates Inc. Invests $494,000 in Talen Energy Corporation (NASDAQ:TLN)

Navellier & Associates Inc. bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,773 shares of the utilities provider’s stock, valued at approximately $494,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spirit of America Management Corp NY purchased a new stake in shares of Talen Energy during the third quarter worth about $214,000. World Equity Group Inc. acquired a new position in Talen Energy in the third quarter worth about $237,000. Shikiar Asset Management Inc. acquired a new position in Talen Energy in the second quarter worth about $278,000. Guidance Capital Inc. acquired a new position in Talen Energy in the third quarter worth about $348,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Talen Energy in the third quarter worth about $361,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TLN. UBS Group lifted their price target on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Guggenheim lifted their target price on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. BWS Financial lifted their target price on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Barclays decreased their target price on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. began coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $210.33.

Talen Energy Stock Performance

TLN opened at $219.93 on Friday. The business’s 50 day moving average is $155.30 and its 200-day moving average is $116.38. The stock has a market cap of $11.18 billion and a PE ratio of 11.77. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a twelve month low of $53.95 and a twelve month high of $222.05.

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.