48,306 Shares in Talen Energy Corporation (NASDAQ:TLN) Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,306 shares of the utilities provider’s stock, valued at approximately $8,610,000. Thrivent Financial for Lutherans owned about 0.09% of Talen Energy at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TLN. Spirit of America Management Corp NY bought a new stake in shares of Talen Energy in the third quarter worth $214,000. World Equity Group Inc. acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $237,000. Shikiar Asset Management Inc. bought a new position in shares of Talen Energy during the second quarter worth about $278,000. Guidance Capital Inc. bought a new stake in Talen Energy in the third quarter valued at about $348,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in Talen Energy during the third quarter valued at approximately $361,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Down 2.6 %

Shares of NASDAQ TLN opened at $214.20 on Friday. 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 52-week low of $53.95 and a 52-week high of $222.49. The firm has a 50 day moving average price of $157.41 and a 200 day moving average price of $117.08. The stock has a market cap of $10.89 billion and a P/E ratio of 11.42.

Wall Street Analysts Forecast Growth

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

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.