Legal & General Group Plc Purchases 13,476 Shares of Talen Energy Corporation $TLN

Legal & General Group Plc boosted its position in shares of Talen Energy Corporation (NASDAQ:TLNFree 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

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a research note on Monday, April 27th. BNP Paribas Exane assumed coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Finally, Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $448.58.

Get Our Latest Report on TLN

Talen Energy Company Profile

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for Talen Energy (NASDAQ:TLN)

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