VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Talen Energy Corporation (NASDAQ:TLN – Free Report) by 1,446.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,280 shares of the utilities provider’s stock after acquiring an additional 8,680 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Talen Energy were worth $3,479,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Talen Energy during the fourth quarter worth $27,000. Assetmark Inc. grew its holdings in shares of Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Talen Energy during the third quarter worth $34,000. Advisory Services Network LLC bought a new stake in shares of Talen Energy during the third quarter worth $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Talen Energy during the fourth quarter worth $39,000. Institutional investors own 0.38% of the company’s stock.
Talen Energy Trading Up 0.5%
Shares of TLN opened at $352.88 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. Talen Energy Corporation has a 12-month low of $232.34 and a 12-month high of $451.28. The firm has a market capitalization of $16.02 billion, a PE ratio of -526.68 and a beta of 1.90. The stock’s fifty day simple moving average is $340.61 and its 200-day simple moving average is $361.46.
Analysts Set New Price Targets
Check Out Our Latest Analysis on TLN
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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