University of Texas Texas AM Investment Management Co. Has $2.15 Million Stock Position in Talen Energy Corporation $TLN

University of Texas Texas AM Investment Management Co. grew its stake in Talen Energy Corporation (NASDAQ:TLN) by 164.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,741 shares of the utilities provider’s stock after acquiring an additional 3,572 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Talen Energy were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

TLN has been the topic of a number of research analyst reports. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. 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 objective 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 lifted their price target on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, BNP Paribas Exane assumed coverage on Talen Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target on the stock. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $448.58.

Talen Energy Stock Performance

TLN opened at $386.21 on Tuesday. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The company has a market capitalization of $17.53 billion, a PE ratio of -576.42 and a beta of 1.81. The business has a fifty day simple moving average of $358.16 and a 200 day simple moving average of $358.23. Talen Energy Corporation has a 1 year low of $255.50 and a 1 year 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).