VMS Asset Management Limited Makes New $3.41 Million Investment in Talen Energy Corporation $TLN

VMS Asset Management Limited purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,092 shares of the utilities provider’s stock, valued at approximately $3,408,000.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Talen Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock worth $1,924,061,000 after purchasing an additional 117,266 shares in the last quarter. Reaves W H & Co. Inc. raised its holdings in shares of Talen Energy by 7.9% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,521,697 shares of the utilities provider’s stock valued at $570,393,000 after acquiring an additional 111,160 shares during the last quarter. State Street Corp raised its holdings in shares of Talen Energy by 88.2% during the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after acquiring an additional 627,467 shares during the last quarter. Lone Pine Capital LLC raised its holdings in shares of Talen Energy by 9.5% during the third quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock valued at $507,272,000 after acquiring an additional 103,136 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Talen Energy by 77.5% during the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock valued at $452,189,000 after acquiring an additional 464,014 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ:TLN opened at $378.08 on Friday. Talen Energy Corporation has a one year low of $246.95 and a one year high of $451.28. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. The stock has a market cap of $17.16 billion, a PE ratio of -564.29 and a beta of 1.80. The stock has a 50 day moving average price of $353.11 and a 200 day moving average price of $359.02.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wells Fargo & Company increased their target price on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. BNP Paribas Exane assumed coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Finally, Morgan Stanley reissued an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a report on Thursday, May 21st. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $448.58.

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).