Advisors Asset Management Inc. Grows Stock Position in Talen Energy Corporation $TLN

Advisors Asset Management Inc. increased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 112.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,933 shares of the utilities provider’s stock after acquiring an additional 4,206 shares during the period. Advisors Asset Management Inc.’s holdings in Talen Energy were worth $3,375,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Amundi acquired a new stake in shares of Talen Energy during the 1st quarter worth approximately $299,000. AQR Capital Management LLC acquired a new stake in Talen Energy during the first quarter valued at $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Talen Energy by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after buying an additional 761 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Talen Energy by 17,400.0% in the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock valued at $175,000 after buying an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Talen Energy by 15.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after acquiring an additional 6,498 shares during the period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TLN shares. Wells Fargo & Company lifted their price target on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, January 21st. Morgan Stanley upped their target price on Talen Energy from $443.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Barclays decreased their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $410.58.

Talen Energy Stock Performance

TLN opened at $376.70 on Friday. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The firm has a market capitalization of $17.21 billion, a PE ratio of 81.54, a PEG ratio of 0.56 and a beta of 1.98. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The firm’s 50-day moving average price is $366.57 and its 200 day moving average price is $383.38.

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).