Roubaix Capital LLC Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

Roubaix Capital LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 63,028 shares of the utilities provider’s stock, valued at approximately $11,234,000. Talen Energy comprises approximately 6.2% of Roubaix Capital LLC’s investment portfolio, making the stock its biggest position. Roubaix Capital LLC owned 0.12% of Talen Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Talen Energy in the 3rd quarter valued at $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in Talen Energy during the third quarter worth about $7,967,000. Riggs Asset Managment Co. Inc. acquired a new stake in Talen Energy in the third quarter valued at $1,001,000. Shikiar Asset Management Inc. purchased a new position in Talen Energy during the 2nd quarter valued at about $278,000. Finally, Mcdaniel Terry & Co. acquired a new position in shares of Talen Energy during the 3rd quarter worth approximately $371,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TLN has been the topic of several recent analyst reports. Guggenheim upped 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. UBS Group initiated coverage on shares of Talen Energy in a research report on Wednesday, September 18th. They issued a “buy” rating and a $197.00 price objective for the company. JPMorgan Chase & Co. began coverage on Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price target on the stock. Barclays lowered their price objective 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, Oppenheimer increased their price target on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and an average price target of $205.33.

Talen Energy Stock Down 3.9 %

Shares of NASDAQ TLN opened at $174.23 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.86 and a current ratio of 4.51. Talen Energy Corporation has a one year low of $52.01 and a one year high of $197.61. The business has a 50-day moving average price of $129.27 and a two-hundred day moving average price of $102.43.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.14) by $1.33. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The company had revenue of $489.00 million during the quarter, compared to analyst estimates of $437.50 million. As a group, equities analysts expect that Talen Energy Corporation will post 13.79 earnings per share for the current year.

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.