Victory Capital Management Inc. Has $1.95 Million Holdings in Talen Energy Corporation (NASDAQ:TLN)

Victory Capital Management Inc. boosted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 85.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,660 shares of the utilities provider’s stock after buying an additional 4,449 shares during the quarter. Victory Capital Management Inc.’s holdings in Talen Energy were worth $1,946,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in shares of Talen Energy in the third quarter valued at approximately $36,000. Allworth Financial LP boosted its holdings in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after buying an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new position in Talen Energy in the 4th quarter valued at $37,000. Geneos Wealth Management Inc. bought a new position in Talen Energy in the 4th quarter worth $39,000. Finally, Empowered Funds LLC acquired a new position in Talen Energy during the 4th quarter worth $42,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Up 1.0 %

Shares of TLN opened at $207.00 on Tuesday. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 2.70 and a beta of 2.00. The company has a 50-day moving average price of $219.57 and a two-hundred day moving average price of $186.06. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Evercore ISI initiated coverage on Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating on the stock. UBS Group raised their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 price target for the company. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research note on Wednesday, March 5th. Finally, Barclays dropped their target price on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has an average rating of “Buy” and a consensus target price of $241.36.

Talen Energy Company 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.