Charles Schwab Investment Management Inc. Purchases New Shares in Talen Energy Corporation (NASDAQ:TLN)

Charles Schwab Investment Management Inc. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, Holdings Channel reports. The institutional investor acquired 432,376 shares of the utilities provider’s stock, valued at approximately $77,067,000.

A number of other large investors have also modified their holdings of TLN. River Road Asset Management LLC purchased a new position in shares of Talen Energy in the 3rd quarter valued at about $277,653,000. Jennison Associates LLC acquired a new stake in Talen Energy in the third quarter valued at approximately $102,840,000. Yacktman Asset Management LP acquired a new stake in Talen Energy in the third quarter valued at approximately $79,299,000. Mizuho Markets Americas LLC purchased a new stake in shares of Talen Energy in the third quarter valued at approximately $33,866,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Talen Energy during the 3rd quarter worth approximately $29,464,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $214.05 on Thursday. The business’s 50 day moving average price is $163.46 and its 200 day moving average price is $120.76. The company has a market cap of $10.88 billion and a price-to-earnings ratio of 11.46. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a one year low of $53.95 and a one year high of $222.49.

Wall Street Analysts Forecast Growth

TLN has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on shares of Talen Energy in a report on Friday, September 13th. They issued a “buy” rating and a $226.00 price target for the company. BWS Financial boosted their target price on shares of Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada began coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price target on the stock. Oppenheimer boosted their price objective on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Finally, Barclays decreased their target price on Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. 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.

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.