Fulcrum Asset Management LLP Buys New Shares in Talen Energy Corporation $TLN

Fulcrum Asset Management LLP purchased a new position in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 66,311 shares of the utilities provider’s stock, valued at approximately $24,856,000. Talen Energy accounts for approximately 4.0% of Fulcrum Asset Management LLP’s holdings, making the stock its 4th biggest holding.

Several other hedge funds have also bought and sold shares of TLN. Amundi purchased a new stake in Talen Energy in the 1st quarter worth $299,000. AQR Capital Management LLC purchased a new stake in Talen Energy in the 1st quarter worth $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Talen Energy by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after purchasing an additional 761 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Talen Energy by 17,400.0% in the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Talen Energy by 15.3% in the 1st 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 purchasing an additional 6,498 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Up 0.5%

Shares of NASDAQ TLN opened at $352.88 on Friday. The firm’s 50-day moving average price is $340.61 and its 200-day moving average price is $361.46. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of -526.68 and a beta of 1.90. Talen Energy Corporation has a 12-month low of $232.34 and a 12-month high of $451.28.

Analysts Set New Price Targets

TLN has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. BNP Paribas Exane initiated coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley set a $498.00 price target on shares of Talen Energy in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and a consensus price target of $448.25.

About Talen Energy

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).