Fred Alger Management Reduces $218M in Talen Energy Corporation ($TLN)
Key Points
- Fred Alger Management changed its Talen Energy Corporation ($TLN) stake by 34.3% last quarter, cutting to 1,185,953 shares worth $418.05 million.
- Wall Street's consensus rating on $TLN is Buy and an average price target of $472.18.
- $TLN last traded around $352.50.
Fred Alger Management reduced its position in Talen Energy Corporation ($TLN) by 34.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,185,953 shares of Talen Energy Corporation after selling 618,141 shares during the quarter. Fred Alger Management's holdings in Talen Energy Corporation were worth $418.05 million as of its most recent filing.
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About Talen Energy Corporation
Talen Energy Corporation, an independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States. The company's plants generate power using a variety of fuels, such as nuclear, fossil, oil, natural gas, and coal power plants. It owns and operates approximately 13.1 GW of power infrastructure. Talen Energy Corporation was incorporated in 2014 and is headquartered in Houston, Texas.
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