Clearbridge Investments LLC Acquires Stake in Talen Energy Corporation

In the fourth quarter, Clearbridge Investments LLC made a significant move by purchasing a new stake in Talen Energy Corporation (NASDAQ:TLN). According to their latest Form 13F filing with the SEC, the firm acquired 437,111 shares of the utility provider's stock, which is valued at around $88,065,000. After this transaction, Clearbridge Investments LLC holds about 0.86% of Talen Energy.

Other hedge funds have also shown interest in Talen Energy. For instance, Vanguard Group Inc. increased its stake by 5.7% in the same quarter, owning 4,786,331 shares valued at approximately $964,302,000 after acquiring an additional 256,414 shares. Meanwhile, William Blair Investment Management LLC bought a new position in Talen Energy worth about $239,984,000 during the fourth quarter. During the third quarter, Sachem Head Capital Management LP and FMR LLC also purchased new stakes valued at around $167,724,000 and $141,363,000, respectively. Finally, Atalan Capital Partners LP also acquired a new position worth about $126,016,000. Overall, institutional investors hold about 0.38% of the company's stock.

Talen Energy Stock Performance

Talen Energy's stock opened at $199.67 recently, showing a trading increase of 1.1%. The stock has seen fluctuations over time, with a low of $98.50 and a high of $258.03 in the past year. Currently, the company has a market cap of $9.09 billion and a P/E ratio of 10.69, indicating its market valuation relative to earnings. The company maintains a quick ratio of 3.37 and a current ratio of 4.10, demonstrating its liquidity position. Its debt-to-equity ratio stands at 1.07.

Analyst Ratings on Talen Energy

Recent analysis from equities research firms indicates a generally positive outlook on Talen Energy. For example, JPMorgan Chase & Co. has reduced their price target from $295.00 to $265.00 but still maintains an "overweight" rating on the stock. Similarly, Barclays has lowered their price objective from $293.00 to $282.00 while keeping an "overweight" rating. Bank of America initiated coverage with a "buy" rating and a target of $253.00. UBS Group raised their target from $242.00 to $269.00, giving a "buy" rating. Oppenheimer also increased their price objective from $225.00 to $250.00, rating the stock as “outperform.” A consensus of twelve analysts rated Talen Energy with a buy rating, indicating strong market confidence and an average target price of $241.09.

About Talen Energy Corporation

Talen Energy Corporation is an American energy company focused on power generation. The company owns or controls around 16,000 megawatts of power capacity, largely in wholesale markets across the Northeast, Mid-Atlantic, and Southwest regions of the United States. Talen Energy primarily generates and sells electricity and related products through power plants that utilize a range of fuel sources, including nuclear, natural gas, and coal.

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