Capital International Investors reduced its holdings in Talen Energy Corporation (NASDAQ:TLN – Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,912 shares of the utilities provider’s stock after selling 1,944 shares during the quarter. Capital International Investors’ holdings in Talen Energy were worth $59,192,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of TLN. Flagship Harbor Advisors LLC bought a new stake in shares of Talen Energy in the fourth quarter worth about $27,000. Assetmark Inc. grew its stake in shares of Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Talen Energy during the 3rd quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in shares of Talen Energy during the 3rd quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have weighed in on TLN. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research report on Thursday, May 21st. Barclays boosted their price target on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Finally, BNP Paribas Exane began coverage on Talen Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $448.58.
Talen Energy Stock Up 0.0%
NASDAQ:TLN opened at $364.78 on Tuesday. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of -544.44 and a beta of 1.81. Talen Energy Corporation has a twelve month low of $246.95 and a twelve month high of $451.28. The stock’s 50 day moving average price is $354.67 and its two-hundred day moving average price is $358.92. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.
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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