2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. lessened its holdings in Talen Energy Corporation ( NASDAQ:TLN – Free Report ) by 40.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 77,956 shares of the utilities provider’s stock after selling 53,787 shares during the quarter. JPMorgan Chase & Co.’s holdings in Talen Energy were worth $15,706,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the 3rd quarter worth approximately $36,000. Allworth Financial LP raised its stake in Talen Energy by 170.
6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Talen Energy during the fourth quarter valued at $37,000.
Geneos Wealth Management Inc. bought a new stake in Talen Energy in the fourth quarter worth $39,000. Finally, Empowered Funds LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth $42,000.
Institutional investors own 0.38% of the company’s stock. Wall Street Analysts Forecast Growth Several research firms have recently issued reports on TLN.
Morgan Stanley started coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target for the company.
Bank of America initiated coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price for the company.
Evercore ISI started coverage on shares of Talen Energy in a report on Friday, February 21st. They set an “outperform” rating on the stock. UBS Group decreased their price objective on shares of Talen Energy from $275.
00 to $259.00 and set a “buy” rating for the company in a report on Friday. Finally, Daiwa Capital Markets set a $200.
00 target price on Talen Energy in a research note on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $240.
18. Talen Energy Trading Up 0.8 % Talen Energy stock opened at $198.
04 on Friday. The business has a 50-day simple moving average of $209.05 and a two-hundred day simple moving average of $197.
10. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.
03. The company has a quick ratio of 3.37, a current ratio of 4.
10 and a debt-to-equity ratio of 1.07. The company has a market cap of $9.
01 billion, a P/E ratio of 10.60, a P/E/G ratio of 2.70 and a beta of 1.
93. About Talen Energy ( Free Report ) Talen Energy Corporation is a U.S.
-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.
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