US Bancorp DE Raises Stock Position in Talen Energy Corporation $TLN

US Bancorp DE raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,848 shares of the utilities provider’s stock after purchasing an additional 4,407 shares during the quarter. US Bancorp DE’s holdings in Talen Energy were worth $39,676,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Levin Capital Strategies L.P. purchased a new position in Talen Energy during the 4th quarter valued at $225,000. Mitsubishi UFJ Trust & Banking Corp increased its position in Talen Energy by 131.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,386 shares of the utilities provider’s stock valued at $1,269,000 after purchasing an additional 1,922 shares during the period. M&T Bank Corp grew its position in shares of Talen Energy by 16.2% in the 4th quarter. M&T Bank Corp now owns 1,984 shares of the utilities provider’s stock worth $744,000 after buying an additional 276 shares during the period. Sanctuary Advisors LLC grew its position in shares of Talen Energy by 116.8% in the 4th quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider’s stock worth $2,419,000 after buying an additional 3,477 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Talen Energy by 15.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 14,000 shares of the utilities provider’s stock worth $5,248,000 after buying an additional 1,900 shares during the period. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TLN has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $479.00 target price on shares of Talen Energy in a research report on Tuesday, April 21st. Raymond James Financial reaffirmed an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a research report on Monday. JPMorgan Chase & Co. reduced their target price on shares of 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 downgraded shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Finally, Barclays reduced their target price on shares of Talen Energy from $425.00 to $408.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $449.08.

Talen Energy Stock Performance

Shares of TLN stock opened at $372.42 on Friday. Talen Energy Corporation has a one year low of $216.20 and a one year high of $451.28. The company’s 50-day moving average is $339.39 and its 200 day moving average is $363.54. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of -75.39, a price-to-earnings-growth ratio of 0.51 and a beta of 2.15. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28.

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).