1,595 Shares in Talen Energy Corporation $TLN Acquired by North Dakota State Investment Board

North Dakota State Investment Board purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,595 shares of the utilities provider’s stock, valued at approximately $598,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in Talen Energy by 1.6% during the third quarter. American Century Companies Inc. now owns 342,914 shares of the utilities provider’s stock worth $145,870,000 after purchasing an additional 5,389 shares during the last quarter. Reaves W H & Co. Inc. increased its position in Talen Energy by 12.6% during the third quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after purchasing an additional 158,047 shares during the last quarter. Mutual Advisors LLC acquired a new position in Talen Energy during the third quarter worth approximately $2,485,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Talen Energy by 1,526.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock worth $9,766,000 after acquiring an additional 24,452 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Talen Energy by 2,067.8% in the third quarter. Principal Financial Group Inc. now owns 101,452 shares of the utilities provider’s stock worth $43,156,000 after acquiring an additional 96,772 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

TLN has been the subject of several recent research reports. Barclays increased their price objective on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday. BNP Paribas Exane initiated coverage on shares of Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Raymond James Financial reissued an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Price Performance

TLN opened at $360.48 on Friday. The company has a fifty day simple moving average of $341.00 and a 200 day simple moving average of $359.26. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of -538.02 and a beta of 1.90. Talen Energy Corporation has a twelve month low of $232.34 and a twelve month high of $451.28. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

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).