Talen Energy Corporation $TLN Shares Purchased by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp lifted its stake in Talen Energy Corporation (NASDAQ:TLN) by 101.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,101 shares of the utilities provider’s stock after purchasing an additional 4,575 shares during the quarter. Talen Energy accounts for 0.3% of Lombard Odier Asset Management USA Corp’s portfolio, making the stock its 28th largest position. Lombard Odier Asset Management USA Corp’s holdings in Talen Energy were worth $3,411,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in shares of Talen Energy by 1.6% in the 3rd quarter. American Century Companies Inc. now owns 342,914 shares of the utilities provider’s stock worth $145,870,000 after acquiring an additional 5,389 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Talen Energy by 1,526.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock worth $9,766,000 after acquiring an additional 24,452 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Talen Energy by 157.0% in the 3rd quarter. Victory Capital Management Inc. now owns 111,104 shares of the utilities provider’s stock worth $47,261,000 after acquiring an additional 67,881 shares during the last quarter. South Dakota Investment Council acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $1,489,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Talen Energy by 11.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 45,250 shares of the utilities provider’s stock worth $16,962,000 after acquiring an additional 4,770 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TLN has been the topic of several recent analyst reports. Morgan Stanley restated an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Barclays increased their target price on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. BNP Paribas Exane started coverage on shares of Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Price Performance

Shares of TLN opened at $406.51 on Wednesday. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The firm’s fifty day simple moving average is $359.74 and its 200-day simple moving average is $358.33. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of -606.72 and a beta of 1.80. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

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).