VIRGINIA RETIREMENT SYSTEMS ET Al Has $3.48 Million Holdings in Talen Energy Corporation $TLN

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 1,446.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,280 shares of the utilities provider’s stock after buying an additional 8,680 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Talen Energy were worth $3,479,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TLN. Flagship Harbor Advisors LLC acquired a new position in shares of Talen Energy during the fourth quarter worth approximately $27,000. Assetmark Inc. lifted its holdings in shares of Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Talen Energy during the third quarter worth approximately $34,000. Advisory Services Network LLC acquired a new position in shares of Talen Energy during the third quarter worth approximately $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Talen Energy during the fourth quarter worth approximately $39,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TLN. Raymond James Financial restated an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. Wells Fargo & Company upped their target price on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their target price 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. BNP Paribas Exane began coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price for the company. Finally, Morgan Stanley set a $498.00 target price on Talen Energy in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.25.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $352.88 on Friday. The business’s fifty day moving average price is $340.61 and its two-hundred day moving average price is $361.46. Talen Energy Corporation has a fifty-two week low of $232.34 and a fifty-two week high of $451.28. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of -526.68 and a beta of 1.90. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05.

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).