Victory Capital Management Inc. Has $1.95 Million Stake in Talen Energy Corporation (NASDAQ:TLN)

Victory Capital Management Inc. lifted its holdings in Talen Energy Corporation (NASDAQ:TLN) by 85.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,660 shares of the utilities provider’s stock after acquiring an additional 4,449 shares during the quarter. Victory Capital Management Inc.’s holdings in Talen Energy were worth $1,946,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Rubric Capital Management LP acquired a new stake in Talen Energy in the 3rd quarter valued at about $2,026,342,000. Monarch Alternative Capital LP bought a new stake in shares of Talen Energy during the third quarter valued at approximately $258,448,000. Mirabella Financial Services LLP acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $168,108,000. Sachem Head Capital Management LP bought a new position in Talen Energy in the 3rd quarter worth approximately $167,724,000. Finally, FMR LLC acquired a new position in Talen Energy during the 3rd quarter worth $141,363,000. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TLN. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating for the company. Morgan Stanley started coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective for the company. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. Oppenheimer lifted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Barclays dropped their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $241.36.

Talen Energy Stock Up 1.0 %

Talen Energy stock opened at $207.00 on Tuesday. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 2.70 and a beta of 2.00. The company’s 50 day simple moving average is $219.57 and its 200 day simple moving average is $186.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03.

About Talen Energy

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.