Vaughan Nelson Investment Management L.P. Boosts Holdings in Talen Energy Corporation $TLN

Vaughan Nelson Investment Management L.P. increased its holdings in Talen Energy Corporation (NASDAQ:TLN) by 11.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,250 shares of the utilities provider’s stock after purchasing an additional 4,770 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.10% of Talen Energy worth $16,962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in shares of Talen Energy by 1.6% in the 3rd quarter. American Century Companies Inc. now owns 342,914 shares of the utilities provider’s stock valued at $145,870,000 after acquiring an additional 5,389 shares during the last quarter. Reaves W H & Co. Inc. grew its position in Talen Energy by 12.6% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after acquiring an additional 158,047 shares during the last quarter. Mutual Advisors LLC bought a new position in Talen Energy during the 3rd quarter worth approximately $2,485,000. Principal Financial Group Inc. increased its stake in Talen Energy by 2,067.8% in the 3rd quarter. Principal Financial Group Inc. now owns 101,452 shares of the utilities provider’s stock worth $43,156,000 after purchasing an additional 96,772 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Talen Energy by 57.3% in the third quarter. Bank of New York Mellon Corp now owns 376,562 shares of the utilities provider’s stock valued at $160,182,000 after purchasing an additional 137,182 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Weiss Ratings lowered shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 27th. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a research report on Friday, February 20th. Barclays cut their target price 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, BNP Paribas Exane initiated coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target for the company. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $438.17.

Talen Energy Stock Up 2.0%

TLN stock opened at $319.23 on Wednesday. The stock has a market capitalization of $14.49 billion, a P/E ratio of -64.62, a P/E/G ratio of 0.44 and a beta of 1.94. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. Talen Energy Corporation has a 1-year low of $162.31 and a 1-year high of $451.28. The business has a fifty day moving average price of $346.95 and a 200-day moving average price of $375.21.

About Talen Energy

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).