26,225 Shares in Talen Energy Corporation $TLN Purchased by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,225 shares of the utilities provider’s stock, valued at approximately $9,830,000. Talen Energy accounts for approximately 1.1% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also bought and sold shares of TLN. American Century Companies Inc. raised its position in Talen Energy by 1.6% in the third quarter. American Century Companies Inc. now owns 342,914 shares of the utilities provider’s stock worth $145,870,000 after acquiring an additional 5,389 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Talen Energy by 1,526.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock worth $9,766,000 after acquiring an additional 24,452 shares in the last quarter. Victory Capital Management Inc. raised its position in Talen Energy by 157.0% in the third quarter. Victory Capital Management Inc. now owns 111,104 shares of the utilities provider’s stock worth $47,261,000 after acquiring an additional 67,881 shares in the last quarter. South Dakota Investment Council bought a new stake in Talen Energy in the third quarter worth about $1,489,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Talen Energy by 11.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 45,250 shares of the utilities provider’s stock worth $16,962,000 after acquiring an additional 4,770 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on TLN shares. BNP Paribas Exane started coverage on shares of Talen Energy in a research report 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 report on Wednesday, May 6th. JPMorgan Chase & Co. dropped 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 report on Thursday, March 19th. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. Eleven investment 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 a consensus target price of $448.58.

Talen Energy Price Performance

NASDAQ TLN opened at $386.21 on Tuesday. The company has a market cap of $17.53 billion, a PE ratio of -576.42 and a beta of 1.81. Talen Energy Corporation has a 1 year low of $255.50 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 stock’s 50-day moving average price is $358.16 and its two-hundred day moving average price is $358.23.

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).