M&T Bank Corp Increases Stock Holdings in Talen Energy Corporation $TLN

Key Points

• M&T Bank boosted its stake in Talen Energy by 1,519.7% in Q4, acquiring an additional 25,956 shares to hold 27,664 shares worth about $10.37 million (≈0.06% of the company).
• Overall institutional ownership remains low at about 0.38%, though several smaller funds recently initiated or raised positions in TLN.
• Analysts are largely bullish—12 Buys, 2 Holds and 1 Sell—with a consensus rating of "Moderate Buy" and an average price target of $437.17 versus the recent share price around $364.32.

M&T Bank Corp increased its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 1,519.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,664 shares of the utilities provider's stock after acquiring an additional 25,956 shares during the quarter. M&T Bank Corp owned about 0.06% of Talen Energy worth $10,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in Talen Energy during the fourth quarter valued at $27,000. Assetmark Inc. lifted its position in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider's stock valued at $32,000 after buying an additional 64 shares during the period. Neo Ivy Capital Management purchased a new position in Talen Energy during the third quarter valued at $34,000. Advisory Services Network LLC purchased a new position in Talen Energy during the third quarter valued at $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Talen Energy during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on TLN. Weiss Ratings lowered Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, February 27th. Morgan Stanley reissued an "overweight" rating and set a $479.00 price objective on shares of Talen Energy in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective 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 lowered their price objective on Talen Energy from $425.00 to $408.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on Talen Energy from $445.00 to $506.00 and gave the company an "overweight" rating in a research report on Tuesday, January 20th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $437.17.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $364.32 on Friday. Talen Energy Corporation has a 1-year low of $206.01 and a 1-year high of $451.28. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. The business has a fifty day moving average price of $340.79 and a 200-day moving average price of $365.47. The company has a market capitalization of $16.54 billion, a PE ratio of -73.75, a PEG ratio of 0.49 and a beta of 2.15.

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).

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