University of Texas Texas AM Investment Management Co. Has $2.15 Million Position in Talen Energy Corporation $TLN

University of Texas Texas AM Investment Management Co. raised its stake in Talen Energy Corporation (NASDAQ:TLN) by 164.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,741 shares of the utilities provider’s stock after acquiring an additional 3,572 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Talen Energy were worth $2,152,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Talen Energy in the fourth quarter worth $9,830,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Talen Energy by 10.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,569 shares of the utilities provider’s stock worth $963,000 after buying an additional 240 shares in the last quarter. Sachem Head Capital Management LP boosted its stake in shares of Talen Energy by 72.4% in the 4th quarter. Sachem Head Capital Management LP now owns 1,000,000 shares of the utilities provider’s stock valued at $374,840,000 after purchasing an additional 420,000 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Talen Energy by 9.3% during the 4th quarter. MML Investors Services LLC now owns 2,609 shares of the utilities provider’s stock valued at $978,000 after purchasing an additional 221 shares during the last quarter. Finally, Marnell Management LLC acquired a new position in Talen Energy during the 4th quarter worth approximately $2,159,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Performance

TLN stock opened at $386.21 on Tuesday. The stock has a 50-day moving average price of $358.16 and a 200-day moving average price of $358.23. Talen Energy Corporation has a 1-year low of $255.50 and a 1-year high of $451.28. The firm has a market cap of $17.53 billion, a PE ratio of -576.42 and a beta of 1.81. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TLN shares. Raymond James Financial restated an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a research report on Monday, April 27th. JPMorgan Chase & Co. dropped their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Barclays upped their price objective on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Morgan Stanley reiterated an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a research report on Thursday, May 21st. Finally, Wells Fargo & Company upped their price target on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Talen Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $448.58.

Talen Energy Profile

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).