Talen Energy Corporation (NASDAQ:TLN) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Talen Energy Corporation (NASDAQ:TLN) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,786,331 shares of the utilities provider’s stock after purchasing an additional 256,414 shares during the quarter. Vanguard Group Inc. owned about 9.41% of Talen Energy worth $964,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in Talen Energy in the third quarter worth about $520,000. JPMorgan Chase & Co. acquired a new stake in Talen Energy in the 3rd quarter worth approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Talen Energy in the 4th quarter worth approximately $240,000. Monarch Alternative Capital LP purchased a new stake in Talen Energy during the 3rd quarter worth approximately $258,448,000. Finally, First Sabrepoint Capital Management LP acquired a new position in Talen Energy during the 3rd quarter valued at approximately $6,238,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Performance

TLN opened at $197.48 on Friday. The stock has a market cap of $8.99 billion, a P/E ratio of 10.57, a P/E/G ratio of 2.70 and a beta of 2.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The firm has a fifty day moving average price of $217.31 and a 200 day moving average price of $190.80. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03.

Wall Street Analysts Forecast Growth

TLN has been the subject of several research reports. Barclays lowered their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. UBS Group boosted their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley assumed coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective for the company. Evercore ISI started coverage on Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $241.09.

Talen Energy Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.