Talen Energy Corporation $TLN Shares Sold by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privée cut its stake in Talen Energy by 36.4% in Q4, selling 5,204 shares and leaving 9,092 shares valued at about $3.41 million.
• Several institutions initiated or increased positions in Q1 (including Amundi, AQR and UBS AM, which now owns 49,050 shares worth ~$9.79 million), while the report states hedge funds and other institutional investors own just 0.38% of the company.
• Talen stock opened at $302.97, has a market cap of $13.84 billion and a negative P/E (-61.33); analysts have a consensus rating of Moderate Buy with a $438.17 target, though individual targets range roughly $421–$548 and some firms have cut ratings.

Union Bancaire Privee UBP SA cut its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 36.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,092 shares of the utilities provider's stock after selling 5,204 shares during the period. Union Bancaire Privee UBP SA's holdings in Talen Energy were worth $3,408,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLN. Amundi acquired a new position in shares of Talen Energy in the first quarter worth about $299,000. AQR Capital Management LLC acquired a new stake in shares of Talen Energy during the 1st quarter valued at about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Talen Energy by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider's stock valued at $1,454,000 after acquiring an additional 761 shares during the period. NewEdge Advisors LLC increased its stake in shares of Talen Energy by 17,400.0% in the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider's stock valued at $175,000 after purchasing an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Talen Energy by 15.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider's stock valued at $9,794,000 after purchasing an additional 6,498 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $302.97 on Friday. 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's 50 day moving average price is $355.05 and its 200-day moving average price is $378.80. The firm has a market capitalization of $13.84 billion, a PE ratio of -61.33, a P/E/G ratio of 0.49 and a beta of 1.94. Talen Energy Corporation has a 1 year low of $162.31 and a 1 year high of $451.28.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TLN. Morgan Stanley set a $474.00 price target on Talen Energy in a research report on Friday, February 20th. BNP Paribas Exane started coverage on Talen Energy in a research note on Wednesday. They set an "outperform" rating and a $548.00 target price for the company. Weiss Ratings lowered Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, February 27th. Barclays dropped their price target on shares of Talen Energy from $457.00 to $425.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $448.00 to $421.00 and set an "overweight" rating for the company in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $438.17.

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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