Jefferies Financial Group Inc. Grows Stock Position in Talen Energy Corporation $TLN

Jefferies Financial Group Inc. increased its holdings in Talen Energy Corporation (NASDAQ:TLN) by 6,605.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 75,842 shares of the utilities provider’s stock after purchasing an additional 74,711 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Talen Energy were worth $28,429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Talen Energy by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock worth $1,924,061,000 after buying an additional 117,266 shares in the last quarter. Reaves W H & Co. Inc. boosted its position in shares of Talen Energy by 12.6% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after buying an additional 158,047 shares in the last quarter. State Street Corp boosted its position in shares of Talen Energy by 88.2% in the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after buying an additional 627,467 shares in the last quarter. Lone Pine Capital LLC boosted its position in shares of Talen Energy by 9.5% in the 3rd quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock worth $507,272,000 after buying an additional 103,136 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Talen Energy by 77.5% in the 3rd quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock worth $452,189,000 after buying an additional 464,014 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Up 3.3%

Shares of TLN stock opened at $372.45 on Friday. The firm has a 50-day moving average price of $342.12 and a 200 day moving average price of $359.35. Talen Energy Corporation has a twelve month low of $237.35 and a twelve month high of $451.28. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of -555.89 and a beta of 1.90. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

Wall Street Analyst Weigh In

Several research firms recently commented on TLN. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating and issued a $499.00 target price on shares of Talen Energy in a research note on Thursday. BNP Paribas Exane assumed coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Talen Energy currently has a consensus rating of “Moderate Buy” and an average target price of $448.58.

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).