Universal Beteiligungs und Servicegesellschaft mbH Raises Stock Holdings in Talen Energy Corporation $TLN

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Talen Energy by 62.2% in Q4, buying 7,501 shares to own 19,558 shares valued at about $7.33 million.
• Analyst sentiment is largely positive with an average rating of "Moderate Buy" and an average price target of $449.08, though views vary from a Weiss Ratings downgrade to sell to several firms issuing overweight/outperform ratings and higher targets.
• Talen trades with a market cap of $16.78 billion, a high debt-to-equity ratio of 6.20, a negative P/E (-74.83), and a 1-year trading range of $206.01–$451.28, reflecting elevated leverage and price volatility.

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 62.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,558 shares of the utilities provider's stock after buying an additional 7,501 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Talen Energy were worth $7,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TLN. Amundi purchased a new stake in shares of Talen Energy in the first quarter worth approximately $299,000. AQR Capital Management LLC purchased a new stake in shares of Talen Energy in the first quarter worth approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Talen Energy by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider's stock worth $1,454,000 after buying an additional 761 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Talen Energy by 17,400.0% in the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider's stock worth $175,000 after buying an additional 870 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Talen Energy by 15.3% during 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 worth $9,794,000 after purchasing an additional 6,498 shares during the period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Up 1.5%

Talen Energy stock opened at $369.67 on Tuesday. 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 stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of -74.83, a PEG ratio of 0.52 and a beta of 2.15. Talen Energy Corporation has a 1-year low of $206.01 and a 1-year high of $451.28. The business has a fifty day moving average price of $340.65 and a 200-day moving average price of $363.92.

Wall Street Analyst Weigh In

Several research analysts have commented on TLN shares. Weiss Ratings downgraded Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, February 27th. Barclays cut their price target on Talen Energy from $425.00 to $408.00 and set an "overweight" rating on the stock in a report on Monday, April 20th. BNP Paribas Exane assumed coverage on Talen Energy in a report on Wednesday, March 18th. They issued an "outperform" rating and a $548.00 price target on the stock. Wells Fargo & Company lifted their price target on Talen Energy from $445.00 to $506.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $479.00 price target on shares of Talen Energy in a report on Tuesday, April 21st. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $449.08.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.