Union Bancaire Privee UBP SA Makes New Investment in Talen Energy Corporation $TLN

Union Bancaire Privee UBP SA purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the third quarter, HoldingsChannel reports. The firm purchased 14,296 shares of the utilities provider’s stock, valued at approximately $6,081,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Deutsche Bank AG boosted its position in shares of Talen Energy by 13.2% during the 1st quarter. Deutsche Bank AG now owns 1,789 shares of the utilities provider’s stock worth $357,000 after purchasing an additional 208 shares during the period. Nuveen LLC purchased a new position in shares of Talen Energy during the first quarter worth $11,980,000. Russell Investments Group Ltd. grew its stake in shares of Talen Energy by 75.8% in the first quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider’s stock valued at $3,495,000 after buying an additional 7,547 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Talen Energy in the first quarter valued at $298,000. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Talen Energy in the 1st quarter valued at $1,117,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TLN has been the subject of several research reports. Zacks Research downgraded Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Morgan Stanley restated an “overweight” rating and issued a $443.00 price objective on shares of Talen Energy in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Barclays dropped their price target on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Talen Energy has a consensus rating of “Moderate Buy” and an average target price of $395.21.

Talen Energy Stock Up 5.3%

Shares of NASDAQ:TLN opened at $376.77 on Wednesday. The firm’s 50 day moving average price is $386.98 and its 200 day moving average price is $359.99. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 81.55, a price-to-earnings-growth ratio of 1.95 and a beta of 1.89. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, topping the consensus estimate of $4.01 by $0.24. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $707.90 million. During the same quarter in the previous year, the business posted $3.16 EPS. The firm’s revenue was up 24.9% on a year-over-year basis. As a group, equities research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Talen Energy Company 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.