Vanguard Group Inc. Decreases Stock Position in Talen Energy Corporation $TLN

Key Points

• Vanguard trimmed its Talen Energy stake by 1.4% in Q4, selling 65,505 shares and still holding 4,457,654 shares (about 9.76% of the company) valued at roughly $1.67 billion.
• Other large institutions sharply increased positions—State Street (+88.2%), Invesco (+77.5%) and Voloridge (+475.3%)—signaling growing institutional accumulation alongside several new stakes.
• Analysts are largely positive with a consensus "Moderate Buy" and a $449.08 target (12 Buy, 2 Hold, 1 Sell), while TLN trades near $372.42 with a $16.91 billion market cap and a 12-month range of $216.20–$451.28.

Vanguard Group Inc. decreased its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,457,654 shares of the utilities provider's stock after selling 65,505 shares during the period. Vanguard Group Inc. owned about 9.76% of Talen Energy worth $1,670,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. State Street Corp increased its stake in Talen Energy by 88.2% in the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider's stock worth $569,455,000 after purchasing an additional 627,467 shares during the period. Invesco Ltd. increased its stake in Talen Energy by 77.5% in the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider's stock worth $452,189,000 after purchasing an additional 464,014 shares during the period. Voloridge Investment Management LLC increased its stake in Talen Energy by 475.3% in the third quarter. Voloridge Investment Management LLC now owns 259,475 shares of the utilities provider's stock worth $110,375,000 after purchasing an additional 214,371 shares during the period. Palestra Capital Management LLC purchased a new stake in Talen Energy in the third quarter worth $81,486,000. Finally, Reaves W H & Co. Inc. increased its stake in Talen Energy by 12.6% in the third quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider's stock worth $600,014,000 after purchasing an additional 158,047 shares during the period. Hedge funds and other institutional investors own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays reduced their target price on Talen Energy from $425.00 to $408.00 and set an "overweight" rating on the stock in a research note on Monday, April 20th. Raymond James Financial reiterated an "outperform" rating and issued a $457.00 target price on shares of Talen Energy in a research note on Monday. JPMorgan Chase & Co. reduced their target price on Talen Energy from $448.00 to $421.00 and set an "overweight" rating on the stock in a research note on Thursday, March 19th. BNP Paribas Exane assumed coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an "outperform" rating and a $548.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on Talen Energy from $445.00 to $506.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 20th. Twelve investment 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $449.08.

Talen Energy Price Performance

TLN opened at $372.42 on Friday. Talen Energy Corporation has a 12-month low of $216.20 and a 12-month high of $451.28. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. The business's fifty day simple moving average is $339.39 and its 200-day simple moving average is $363.54. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of -75.39, a PEG ratio of 0.51 and a beta of 2.15.

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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