Capital Research Global Investors Sells 36,057 Shares of Talen Energy Corporation $TLN

Capital Research Global Investors lessened its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 9.7% in the 4th quarter, Holdings Channel reports. The firm owned 335,377 shares of the utilities provider’s stock after selling 36,057 shares during the period. Capital Research Global Investors’ holdings in Talen Energy were worth $125,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Talen Energy by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 36 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Talen Energy by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after purchasing an additional 39 shares during the last quarter. Berbice Capital Management LLC boosted its holdings in shares of Talen Energy by 19.1% during the 4th quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 45 shares during the last quarter. Red Door Wealth Management LLC boosted its holdings in shares of Talen Energy by 2.2% during the 4th quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock valued at $821,000 after purchasing an additional 47 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Talen Energy by 13.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 475 shares of the utilities provider’s stock valued at $178,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Up 0.0%

Shares of NASDAQ TLN opened at $364.78 on Tuesday. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The company has a market cap of $16.56 billion, a P/E ratio of -544.44 and a beta of 1.81. Talen Energy Corporation has a 1 year low of $246.95 and a 1 year high of $451.28. The firm has a 50-day simple moving average of $354.67 and a two-hundred day simple moving average of $358.92.

Analyst Ratings Changes

TLN has been the subject of several research reports. BNP Paribas Exane began coverage on shares of Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective for the company. Barclays increased their price target on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th. Finally, Wells Fargo & Company increased their price target on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and an average target price of $448.58.

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).