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 acquired a new position in Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,225 shares of the utilities provider’s stock, valued at approximately $9,830,000. Talen Energy accounts for approximately 1.1% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 21st biggest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Talen Energy at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new position in Talen Energy in the fourth quarter worth $27,000. Assetmark Inc. boosted its holdings in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the period. Neo Ivy Capital Management acquired a new position in Talen Energy in the third quarter worth $34,000. Advisory Services Network LLC acquired a new position in Talen Energy in the third quarter worth $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

TLN has been the subject of a number of research reports. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. decreased their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Wells Fargo & Company lifted their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Finally, BNP Paribas Exane assumed coverage on shares of Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Talen Energy currently has an average rating of “Moderate Buy” and a consensus target price of $448.58.

Talen Energy Stock Performance

TLN stock opened at $386.21 on Tuesday. The company has a market capitalization of $17.53 billion, a P/E ratio of -576.42 and a beta of 1.81. The company has a 50-day simple moving average of $358.16 and a 200 day simple moving average of $358.23. Talen Energy Corporation has a fifty-two week low of $255.50 and a fifty-two week high of $451.28. 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 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).