Hussman Strategic Advisors Inc. Takes Position in Talen Energy Corporation $TLN

Key Points

• Hussman Strategic Advisors Inc. purchased a new position in Talen Energy (NASDAQ:TLN) in Q4, buying 4,200 shares valued at about $1,574,000.
• Several large institutions (State Street, Invesco, Voloridge, Palestra, Reaves) significantly increased their TLN holdings, and Wall Street consensus is a Moderate Buy with an average target price of $450.67 (12 Buys, 2 Holds, 1 Sell).
• TLN traded at $372.16 on Friday with a one‑year range of $216.20–$451.28 and a market cap of roughly $16.9B; the company shows a negative P/E (-75.34) and high leverage (debt‑to‑equity 6.20), indicating valuation and balance‑sheet risks.

Hussman Strategic Advisors Inc. purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,200 shares of the utilities provider's stock, valued at approximately $1,574,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TLN. State Street Corp increased its holdings in shares of Talen Energy by 88.2% during the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider's stock valued at $569,455,000 after acquiring an additional 627,467 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Talen Energy by 77.5% during the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider's stock valued at $452,189,000 after acquiring an additional 464,014 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Talen Energy by 475.3% during the third quarter. Voloridge Investment Management LLC now owns 259,475 shares of the utilities provider's stock valued at $110,375,000 after acquiring an additional 214,371 shares in the last quarter. Palestra Capital Management LLC bought a new position in shares of Talen Energy during the third quarter valued at $81,486,000. Finally, Reaves W H & Co. Inc. increased its holdings in shares of Talen Energy by 12.6% during the third quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider's stock valued at $600,014,000 after acquiring an additional 158,047 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on Talen Energy from $425.00 to $408.00 and set an "overweight" rating for the company in a report on Monday, April 20th. Morgan Stanley set a $498.00 price objective on Talen Energy in a report on Friday. BNP Paribas Exane initiated coverage on Talen Energy in a report on Wednesday, March 18th. They issued an "outperform" rating and a $548.00 price objective for the company. Wells Fargo & Company lifted their price objective on Talen Energy from $445.00 to $506.00 and gave the stock an "overweight" rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. reduced their price objective on Talen Energy from $448.00 to $421.00 and set an "overweight" rating for the company in a report on Thursday, March 19th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Talen Energy has an average rating of "Moderate Buy" and a consensus target price of $450.67.

Talen Energy Price Performance

NASDAQ TLN opened at $372.16 on Friday. Talen Energy Corporation has a one year low of $216.20 and a one year high of $451.28. The stock has a 50-day moving average of $339.39 and a 200 day moving average of $363.03. The company has a market capitalization of $16.90 billion, a price-to-earnings ratio of -75.34, a PEG ratio of 0.53 and a beta of 1.90. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28.

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).

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