BNP Paribas Financial Markets Raises Stake in Talen Energy Corporation $TLN

BNP Paribas Financial Markets boosted its holdings in Talen Energy Corporation (NASDAQ:TLN) by 184.5% during the third quarter, Holdings Channel.com reports. The firm owned 208,657 shares of the utilities provider’s stock after acquiring an additional 135,307 shares during the quarter. BNP Paribas Financial Markets’ holdings in Talen Energy were worth $88,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amundi purchased a new position in shares of Talen Energy during the first quarter valued at approximately $299,000. AQR Capital Management LLC purchased a new stake in shares of Talen Energy in the 1st quarter worth approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Talen Energy by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after buying an additional 761 shares in the last quarter. NewEdge Advisors LLC raised 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 valued at $175,000 after buying an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 valued at $9,794,000 after buying an additional 6,498 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TLN. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Wells Fargo & Company lifted their price target on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Barclays dropped their price target on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Finally, Morgan Stanley set a $474.00 price objective on shares of Talen Energy in a research report on Friday, February 20th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.09.

Talen Energy Stock Down 1.5%

Talen Energy stock opened at $311.45 on Friday. Talen Energy Corporation has a 12 month low of $162.31 and a 12 month high of $451.28. The stock has a fifty day simple moving average of $361.93 and a two-hundred day simple moving average of $381.01. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of -63.05, a PEG ratio of 0.46 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).