Vaughan Nelson Investment Management L.P. Buys 4,770 Shares of Talen Energy Corporation $TLN

Vaughan Nelson Investment Management L.P. increased its stake in Talen Energy Corporation (NASDAQ:TLN) by 11.8% during the 4th quarter, HoldingsChannel reports. The firm owned 45,250 shares of the utilities provider’s stock after buying an additional 4,770 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Talen Energy were worth $16,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Spire Wealth Management boosted its stake in shares of Talen Energy by 28.1% in the 4th quarter. Spire Wealth Management now owns 784 shares of the utilities provider’s stock worth $294,000 after buying an additional 172 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Talen Energy by 16.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 35,254 shares of the utilities provider’s stock worth $13,215,000 after acquiring an additional 4,885 shares during the period. Elevatus Welath Management purchased a new stake in Talen Energy during the fourth quarter valued at $248,000. SG Americas Securities LLC increased its position in Talen Energy by 17.4% during the fourth quarter. SG Americas Securities LLC now owns 2,217 shares of the utilities provider’s stock valued at $831,000 after acquiring an additional 329 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Talen Energy by 7.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 264,193 shares of the utilities provider’s stock valued at $99,030,000 after acquiring an additional 17,846 shares during the period. Institutional investors own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BNP Paribas Exane assumed coverage on Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price on the stock. Weiss Ratings cut shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Wells Fargo & Company raised their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a research report on Friday, February 20th. Finally, Barclays reduced their target price on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $438.17.

Talen Energy Stock Performance

Shares of TLN opened at $319.23 on Wednesday. The business has a 50-day simple moving average of $346.95 and a two-hundred day simple moving average of $375.21. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. Talen Energy Corporation has a 52 week low of $162.31 and a 52 week high of $451.28. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of -64.62, a PEG ratio of 0.44 and a beta of 1.94.

Talen Energy 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).