VMS Asset Management Limited Purchases New Stake in Talen Energy Corporation $TLN

VMS Asset Management Limited purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,092 shares of the utilities provider’s stock, valued at approximately $3,408,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TLN. Amundi acquired a new stake in shares of Talen Energy in the first quarter valued at approximately $299,000. AQR Capital Management LLC acquired a new stake in shares of Talen Energy in the first quarter valued at approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 purchasing an additional 761 shares during the last quarter. NewEdge Advisors LLC increased its stake in Talen Energy by 17,400.0% during the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Talen Energy by 15.3% during 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 last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TLN. BNP Paribas Exane began coverage on Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. JPMorgan Chase & Co. cut their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Raymond James Financial reissued an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company raised their target price on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Price Performance

TLN stock opened at $378.08 on Friday. The business has a fifty day moving average of $353.11 and a two-hundred day moving average of $359.02. 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 stock has a market cap of $17.16 billion, a price-to-earnings ratio of -564.29 and a beta of 1.80. Talen Energy Corporation has a 52-week low of $246.95 and a 52-week high of $451.28.

Talen Energy Company Profile

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).