OneDigital Investment Advisors LLC Takes $1.10 Million Position in Talen Energy Corporation (NASDAQ:TLN)

OneDigital Investment Advisors LLC purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, Holdings Channel reports. The fund purchased 6,153 shares of the utilities provider’s stock, valued at approximately $1,097,000.

Other hedge funds have also added to or reduced their stakes in the company. Shikiar Asset Management Inc. acquired a new position in Talen Energy in the second quarter valued at approximately $278,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Talen Energy during the third quarter worth $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in Talen Energy in the third quarter valued at about $7,967,000. Guidance Capital Inc. acquired a new position in Talen Energy in the third quarter valued at about $348,000. Finally, Mcdaniel Terry & Co. bought a new position in Talen Energy during the 3rd quarter worth approximately $371,000. Institutional investors own 0.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on TLN shares. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price for the company. Oppenheimer boosted their target price on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. BWS Financial raised their price target on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target for the company. Finally, Guggenheim raised their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $210.33.

Talen Energy Trading Up 3.5 %

Shares of NASDAQ:TLN opened at $207.49 on Tuesday. The company’s 50-day moving average price is $151.68 and its two-hundred day moving average price is $114.75. Talen Energy Corporation has a one year low of $53.36 and a one year high of $217.79. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The stock has a market capitalization of $10.58 billion and a PE ratio of 11.11.

Talen Energy Company 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.