OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Position in Talen Energy Corporation $TLN

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLNFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,225 shares of the utilities provider’s stock, valued at approximately $9,830,000. Talen Energy makes up 1.1% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 22nd largest holding.

Several other large investors have also recently added to or reduced their stakes in TLN. State Street Corp raised its stake in shares of Talen Energy by 88.2% in the third 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 during the last quarter. Norges Bank acquired a new stake in Talen Energy during the 4th quarter valued at $225,930,000. Invesco Ltd. increased its holdings in Talen Energy by 77.5% during the 3rd quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock valued at $452,189,000 after purchasing an additional 464,014 shares in the last quarter. Sachem Head Capital Management LP raised its position in Talen Energy by 72.4% in the 4th quarter. Sachem Head Capital Management LP now owns 1,000,000 shares of the utilities provider’s stock valued at $374,840,000 after purchasing an additional 420,000 shares during the last quarter. Finally, Deltroit Asset Management UK LLP bought a new position in Talen Energy in the 4th quarter valued at $103,081,000. 0.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the sale, the director directly owned 2,606 shares of the company’s stock, valued at approximately $990,280. The trade was a 49.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.78% of the stock is currently owned by insiders.

Talen Energy Stock Performance

TLN stock opened at $436.29 on Friday. The company has a market cap of $19.81 billion, a P/E ratio of -651.17 and a beta of 1.80. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The business has a fifty day moving average of $365.73 and a 200-day moving average of $359.29.

Analyst Upgrades and Downgrades

TLN has been the topic of several research analyst reports. 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. JPMorgan Chase & Co. cut their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Wells Fargo & Company upped their price target on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Morgan Stanley restated an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a research report on Thursday, May 21st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and a consensus price target of $452.46.

View Our Latest Report 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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