Victory Capital Management Inc. Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

Victory Capital Management Inc. bought a new position in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,211 shares of the utilities provider’s stock, valued at approximately $929,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in Talen Energy in the 3rd quarter worth about $1,398,000. M&G PLC acquired a new position in Talen Energy in the 3rd quarter worth about $14,797,000. River Road Asset Management LLC acquired a new position in Talen Energy in the 3rd quarter worth about $277,653,000. Yacktman Asset Management LP acquired a new position in Talen Energy in the 3rd quarter worth about $79,299,000. Finally, World Equity Group Inc. acquired a new position in Talen Energy in the 3rd quarter worth about $237,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TLN. Royal Bank of Canada began coverage on Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price target for the company. Jefferies Financial Group began coverage on Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 price target for the company. UBS Group increased their price target on Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Oppenheimer increased their price target on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Finally, BWS Financial increased their price target on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $210.33.

Talen Energy Trading Down 1.1 %

NASDAQ TLN opened at $214.05 on Thursday. The business has a 50 day simple moving average of $163.46 and a 200 day simple moving average of $120.76. Talen Energy Corporation has a one year low of $53.95 and a one year high of $222.49. The stock has a market capitalization of $10.88 billion and a P/E ratio of 11.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

About Talen Energy

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.