Value Aligned Research Advisors LLC Purchases 68,611 Shares of Talen Energy Corporation $TLN

Value Aligned Research Advisors LLC increased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 18.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 445,039 shares of the utilities provider’s stock after purchasing an additional 68,611 shares during the period. Talen Energy accounts for approximately 2.3% of Value Aligned Research Advisors LLC’s holdings, making the stock its 17th largest position. Value Aligned Research Advisors LLC owned about 0.97% of Talen Energy worth $189,311,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Talen Energy by 2.7% in the third quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock valued at $1,924,061,000 after buying an additional 117,266 shares during the period. Reaves W H & Co. Inc. boosted its stake in shares of Talen Energy by 12.6% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after acquiring an additional 158,047 shares during the period. State Street Corp increased its holdings in shares of Talen Energy by 88.2% during the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after acquiring an additional 627,467 shares during the last quarter. Lone Pine Capital LLC raised its stake in Talen Energy by 9.5% in the 3rd quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock valued at $507,272,000 after acquiring an additional 103,136 shares during the period. Finally, Invesco Ltd. raised its stake in Talen Energy by 77.5% in the 3rd quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock valued at $452,189,000 after acquiring an additional 464,014 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

TLN opened at $338.60 on Thursday. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. The business has a fifty day simple moving average of $356.72 and a 200 day simple moving average of $379.60. Talen Energy Corporation has a 1 year low of $162.31 and a 1 year high of $451.28. The company has a market capitalization of $15.47 billion, a PE ratio of -68.54, a price-to-earnings-growth ratio of 0.47 and a beta of 1.94.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TLN shares. Wells Fargo & Company lifted their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Barclays dropped their price objective on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. BNP Paribas Exane started coverage on shares of Talen Energy in a report on Wednesday. They set an “outperform” rating and a $548.00 target price for the company. Weiss Ratings lowered shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Finally, Morgan Stanley set a $474.00 price target on shares of Talen Energy in a report on Friday, February 20th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $439.92.

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).