Reaves W H & Co. Inc. Buys 111,160 Shares of Talen Energy Corporation $TLN

Reaves W H & Co. Inc. increased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,521,697 shares of the utilities provider’s stock after buying an additional 111,160 shares during the quarter. Talen Energy comprises approximately 10.0% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its biggest position. Reaves W H & Co. Inc. owned about 3.33% of Talen Energy worth $570,393,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC acquired a new stake in Talen Energy during the fourth quarter worth approximately $27,000. Assetmark Inc. grew its position in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Talen Energy during the third quarter worth approximately $34,000. Advisory Services Network LLC acquired a new stake in Talen Energy during the third quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TLN. JPMorgan Chase & Co. reduced 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. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wells Fargo & Company upped their target price on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. BNP Paribas Exane assumed coverage on Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a research note on Thursday, May 21st. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Price Performance

Shares of TLN opened at $386.80 on Monday. Talen Energy Corporation has a 52 week low of $239.20 and a 52 week high of $451.28. The stock has a market capitalization of $17.56 billion, a price-to-earnings ratio of -577.30 and a beta of 1.81. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. The stock has a fifty day moving average of $348.10 and a 200-day moving average of $358.58.

About Talen Energy

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).