VIRGINIA RETIREMENT SYSTEMS ET Al Buys 8,680 Shares of Talen Energy Corporation $TLN

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Talen Energy Corporation (NASDAQ:TLNFree 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

Several brokerages have recently commented on TLN. BNP Paribas Exane began coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price on the stock. Wells Fargo & Company increased their target price on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Barclays decreased their target price on Talen Energy from $425.00 to $408.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Raymond James Financial restated an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $448.25.

Check Out Our Latest Analysis on TLN

About Talen Energy

(Free Report)

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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Institutional Ownership by Quarter for Talen Energy (NASDAQ:TLN)

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