Lombard Odier Asset Management USA Corp boosted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN – Free Report) by 101.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,101 shares of the utilities provider’s stock after acquiring an additional 4,575 shares during the period. Talen Energy accounts for approximately 0.3% of Lombard Odier Asset Management USA Corp’s investment portfolio, making the stock its 28th biggest position. Lombard Odier Asset Management USA Corp’s holdings in Talen Energy were worth $3,411,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Talen Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock valued at $1,924,061,000 after acquiring an additional 117,266 shares in the last quarter. Fred Alger Management LLC grew its stake in Talen Energy by 8.4% during the 4th quarter. Fred Alger Management LLC now owns 1,804,094 shares of the utilities provider’s stock valued at $676,247,000 after acquiring an additional 140,345 shares in the last quarter. Reaves W H & Co. Inc. grew its stake in Talen Energy by 7.9% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,521,697 shares of the utilities provider’s stock valued at $570,393,000 after acquiring an additional 111,160 shares in the last quarter. State Street Corp grew its stake in Talen Energy by 88.2% during the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after acquiring an additional 627,467 shares in the last quarter. Finally, Lone Pine Capital LLC grew its stake in Talen Energy by 9.5% during the 3rd quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock valued at $507,272,000 after acquiring an additional 103,136 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.
Talen Energy Stock Performance
Talen Energy stock opened at $406.51 on Wednesday. The firm has a 50 day simple moving average of $359.74 and a 200-day simple moving average of $358.33. Talen Energy Corporation has a 1-year low of $255.50 and a 1-year high of $451.28. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of -606.72 and a beta of 1.80.
Analyst Upgrades and Downgrades
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About Talen Energy
Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.
Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).
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