OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New $9.83 Million Investment in Talen Energy Corporation $TLN

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,225 shares of the utilities provider’s stock, valued at approximately $9,830,000. Talen Energy comprises approximately 1.1% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 22nd biggest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of Talen Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TLN. Caitong International Asset Management Co. Ltd increased its position in Talen Energy by 1,825.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 154 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 146 shares during the period. Mariner Investment Group LLC bought a new stake in Talen Energy in the 4th quarter valued at $1,874,000. Pacer Advisors Inc. boosted its holdings in Talen Energy by 35.7% in the 4th quarter. Pacer Advisors Inc. now owns 8,238 shares of the utilities provider’s stock valued at $3,088,000 after purchasing an additional 2,168 shares during the period. Arrow Capital Management LLC acquired a new stake in Talen Energy in the 4th quarter worth $10,512,000. Finally, Walser Wealth Management Company A Ltd Liability Co acquired a new stake in Talen Energy in the 4th quarter worth $220,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

TLN has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Wells Fargo & Company boosted their price target on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group began coverage on Talen Energy in a research report on Thursday. They issued a “buy” rating and a $499.00 price objective for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and an average price target of $452.46.

Insider Activity

In related news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director owned 2,606 shares in the company, valued at $990,280. This trade represents a 49.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.78% of the company’s stock.

Talen Energy Stock Performance

NASDAQ:TLN opened at $436.29 on Friday. The firm has a market capitalization of $19.81 billion, a PE ratio of -651.17 and a beta of 1.80. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. Talen Energy Corporation has a 12-month low of $255.50 and a 12-month high of $451.28. The firm has a 50-day moving average price of $365.73 and a 200 day moving average price of $359.29.

Talen Energy Company 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).