Victory Capital Management Inc. Buys 4,449 Shares of Talen Energy Corporation (NASDAQ:TLN)

Victory Capital Management Inc. increased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 85.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,660 shares of the utilities provider's stock after acquiring an additional 4,449 shares during the period. Victory Capital Management Inc.'s holdings in Talen Energy were worth $1,946,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TLN. Rubric Capital Management LP bought a new position in shares of Talen Energy during the third quarter valued at $2,026,342,000. Monarch Alternative Capital LP acquired a new stake in shares of Talen Energy during the 3rd quarter worth about $258,448,000. Mirabella Financial Services LLP bought a new position in Talen Energy during the 3rd quarter valued at about $168,108,000. Sachem Head Capital Management LP acquired a new position in Talen Energy in the third quarter valued at about $167,724,000. Finally, FMR LLC acquired a new position in Talen Energy in the third quarter valued at about $141,363,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Trading Up 0.7 %

NASDAQ TLN traded up $1.48 during trading hours on Friday, hitting $214.44. The company's stock had a trading volume of 646,271 shares, compared to its average volume of 1,111,974. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The firm has a market capitalization of $9.86 billion, a P/E ratio of 11.48, a PEG ratio of 2.70 and a beta of 2.00. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The stock has a fifty day moving average of $219.21 and a 200 day moving average of $187.02.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TLN shares. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. UBS Group increased their target price on Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Evercore ISI started coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating for the company. Finally, Bank of America assumed coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target on the stock. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $241.36.

Talen Energy Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.