Intech Investment Management LLC Purchases New Shares in Talen Energy Corporation $TLN

Intech Investment Management LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,330 shares of the utilities provider’s stock, valued at approximately $873,000.

Several other institutional investors and hedge funds have also modified their holdings of TLN. Amundi acquired a new position in shares of Talen Energy in the first quarter valued at about $299,000. AQR Capital Management LLC acquired a new stake in Talen Energy during the first quarter worth about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 buying an additional 761 shares in the last quarter. NewEdge Advisors LLC grew its stake 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 buying 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% during 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 worth $9,794,000 after buying an additional 6,498 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Performance

TLN opened at $364.74 on Monday. The company’s 50 day moving average is $353.84 and its 200-day moving average is $358.99. Talen Energy Corporation has a 1-year low of $246.95 and a 1-year high of $451.28. 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 company has a market cap of $16.56 billion, a P/E ratio of -544.38 and a beta of 1.81.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TLN shares. Raymond James Financial reiterated an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research note on Monday, April 27th. Morgan Stanley reiterated an “overweight” rating and set a $499.00 price objective on shares of Talen Energy in a research note on Thursday, May 21st. BNP Paribas Exane started coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective on the stock. Wells Fargo & Company increased their price objective 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, 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. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $448.58.

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).