Vaughan Nelson Investment Management L.P. Makes New $17.22 Million Investment in Talen Energy Corporation $TLN

Vaughan Nelson Investment Management L.P. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 40,480 shares of the utilities provider’s stock, valued at approximately $17,219,000. Vaughan Nelson Investment Management L.P. owned about 0.09% of Talen Energy as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Amundi acquired a new position in Talen Energy during the first quarter worth $299,000. Advisors Asset Management Inc. bought a new stake in Talen Energy during the 1st quarter worth about $246,000. AQR Capital Management LLC acquired a new position in shares of Talen Energy during the 1st quarter worth about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Talen Energy by 11.7% in 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 acquiring an additional 761 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Talen Energy by 17,400.0% in the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 870 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TLN shares. Scotiabank started coverage on Talen Energy in a report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Zacks Research downgraded Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Barclays decreased their target price 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. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $443.00 price target on shares of Talen Energy in a research report on Tuesday, December 16th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $395.21.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $374.71 on Thursday. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The stock has a 50 day moving average of $376.94 and a 200-day moving average of $371.47. The company has a market capitalization of $17.12 billion, a P/E ratio of 81.11, a P/E/G ratio of 0.61 and a beta of 1.97.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The business had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $707.90 million. During the same quarter in the prior year, the business earned $3.16 EPS. The firm’s revenue for the quarter 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 EPS for the current year.

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).