GSA Capital Partners LLP Invests $1.40 Million in Talen Energy Corporation (NASDAQ:TLN)

GSA Capital Partners LLP bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,845 shares of the utilities provider’s stock, valued at approximately $1,398,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Spirit of America Management Corp NY acquired a new stake in shares of Talen Energy in the third quarter worth $214,000. World Equity Group Inc. bought a new stake in Talen Energy in the 3rd quarter valued at $237,000. Guidance Capital Inc. acquired a new stake in Talen Energy in the 3rd quarter worth $348,000. Mount Yale Investment Advisors LLC bought a new position in shares of Talen Energy during the 3rd quarter worth about $361,000. Finally, Mcdaniel Terry & Co. acquired a new position in shares of Talen Energy during the third quarter valued at about $371,000. 0.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group started coverage on Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. BWS Financial lifted their price objective on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. assumed 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. 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 on the stock. Finally, Guggenheim increased their price objective 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. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $205.33.

Talen Energy Price Performance

Talen Energy stock opened at $206.52 on Thursday. The stock has a fifty day moving average price of $146.52 and a two-hundred day moving average price of $111.65. Talen Energy Corporation has a 52-week low of $52.01 and a 52-week high of $217.70. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.14) by $1.33. The business had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $437.50 million. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. On average, equities research analysts anticipate that Talen Energy Corporation will post 14.66 earnings per share for the current year.

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.