Talen Energy Corporation $TLN Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 8.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,355 shares of the utilities provider’s stock after acquiring an additional 2,600 shares during the period. New York State Teachers Retirement System’s holdings in Talen Energy were worth $12,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its holdings in Talen Energy by 88.2% in the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after buying an additional 627,467 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Talen Energy by 77.5% during the 3rd quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock worth $452,189,000 after acquiring an additional 464,014 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Talen Energy by 475.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 259,475 shares of the utilities provider’s stock worth $110,375,000 after acquiring an additional 214,371 shares in the last quarter. Palestra Capital Management LLC acquired a new stake in shares of Talen Energy in the 3rd quarter worth approximately $81,486,000. Finally, Reaves W H & Co. Inc. increased its stake in Talen Energy by 12.6% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock valued at $600,014,000 after purchasing an additional 158,047 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

TLN has been the subject of several research reports. JPMorgan Chase & Co. reduced 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. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Morgan Stanley set a $498.00 price objective on shares of Talen Energy in a research report on Friday. BNP Paribas Exane started coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective on the stock. Finally, 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. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and an average target price of $450.67.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $372.16 on Monday. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28. The business’s fifty day moving average price is $339.39 and its two-hundred day moving average price is $362.64. The stock has a market cap of $16.90 billion, a PE ratio of -75.34 and a beta of 1.90. Talen Energy Corporation has a one year low of $216.20 and a one 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).