Legal & General Group Plc boosted its position in shares of Talen Energy Corporation (NASDAQ:TLN – Free Report) by 25.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,065 shares of the utilities provider’s stock after acquiring an additional 13,476 shares during the period. Legal & General Group Plc’s holdings in Talen Energy were worth $24,764,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC bought a new position in Talen Energy during the fourth quarter valued at about $27,000. Assetmark Inc. increased its stake in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Neo Ivy Capital Management bought a new position in Talen Energy during the third quarter valued at about $34,000. Advisory Services Network LLC bought a new position in Talen Energy during the third quarter valued at about $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Talen Energy in the 4th quarter valued at approximately $39,000. 0.38% of the stock is currently owned by institutional investors.
Talen Energy Price Performance
Shares of TLN opened at $386.80 on Monday. The company has a market capitalization of $17.56 billion, a P/E ratio of -577.30 and a beta of 1.81. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. Talen Energy Corporation has a one year low of $239.20 and a one year high of $451.28. The business’s 50 day simple moving average is $348.10 and its 200-day simple moving average is $358.58.
Analyst Upgrades and Downgrades
Talen Energy Company Profile
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).
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