Oppenheimer & Co. Inc. Buys 11,287 Shares of Talen Energy Corporation $TLN

Key Points

• Oppenheimer & Co. increased its stake in Talen Energy (TLN) by 400.5% in Q4, purchasing 11,287 additional shares to hold 14,105 shares valued at about $5.29 million.
• Multiple large institutions—including State Street, Invesco, Voloridge, Reaves and Palestra—also materially boosted or established positions in TLN, indicating broad institutional accumulation.
• Analysts have a consensus of Moderate Buy with an average price target of $450.67 versus TLN’s recent open near $372 (roughly a 21% implied upside); the company has a market cap of $16.9B and a high debt-to-equity ratio of 6.20.

Oppenheimer & Co. Inc. raised its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 400.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,105 shares of the utilities provider's stock after purchasing an additional 11,287 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Talen Energy were worth $5,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLN. State Street Corp raised 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. raised 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 raised 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 approximately $81,486,000. Finally, Reaves W H & Co. Inc. raised 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. Institutional investors own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of recent analyst reports. BNP Paribas Exane initiated coverage on Talen Energy in a report on Wednesday, March 18th. They set an "outperform" rating and a $548.00 target price for the company. Barclays decreased their target price on Talen Energy from $425.00 to $408.00 and set an "overweight" rating for the company in a report on Monday, April 20th. Weiss Ratings downgraded Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, February 27th. JPMorgan Chase & Co. decreased their target price on Talen Energy from $448.00 to $421.00 and set an "overweight" rating for the company in a report on Thursday, March 19th. Finally, Raymond James Financial restated an "outperform" rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Talen Energy presently has an average rating of "Moderate Buy" and an average price target of $450.67.

Talen Energy Price Performance

Shares of TLN stock opened at $372.16 on Friday. The stock has a market cap 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 business's fifty day moving average is $339.39 and its 200 day moving average is $363.03. Talen Energy Corporation has a twelve month low of $216.20 and a twelve month high of $451.28. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20.

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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