Xponance Inc. Grows Position in Talen Energy Corporation $TLN

Xponance Inc. increased its stake in Talen Energy Corporation (NASDAQ:TLN) by 130.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 5,019 shares of the utilities provider’s stock after buying an additional 2,842 shares during the quarter. Xponance Inc.’s holdings in Talen Energy were worth $2,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amundi purchased a new stake in Talen Energy in the 1st quarter worth approximately $299,000. AQR Capital Management LLC purchased a new stake in shares of Talen Energy in the 1st quarter valued at $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Talen Energy by 11.7% in 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 during the period. NewEdge Advisors LLC lifted its position in Talen Energy by 17,400.0% in the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Talen Energy by 15.3% in 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 purchasing an additional 6,498 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Barclays dropped their target price on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Morgan Stanley set a $474.00 price target on Talen Energy in a research report on Friday, February 20th. Finally, Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Talen Energy has an average rating of “Moderate Buy” and a consensus target price of $410.92.

Talen Energy Stock Performance

NASDAQ TLN opened at $341.39 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The business has a 50-day moving average price of $369.01 and a 200-day moving average price of $383.09. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of -69.11, a price-to-earnings-growth ratio of 0.53 and a beta of 1.94.

Talen Energy 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).