2 weeks Ago By ABMN Staff
Legal & General Group Plc reduced its position in Talen Energy Corporation ( NASDAQ:TLN – Free Report ) by 78.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,872 shares of the utilities provider’s stock after selling 31,995 shares during the quarter.
Legal & General Group Plc’s holdings in Talen Energy were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TLN. JPMorgan Chase & Co.
purchased a new position in shares of Talen Energy in the 3rd quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Talen Energy during the fourth quarter worth about $240,000.
Vanguard Group Inc. grew its stake in shares of Talen Energy by 5.7% in the fourth quarter.
Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock valued at $964,302,000 after buying an additional 256,414 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Talen Energy by 37.
3% during the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider’s stock valued at $1,114,000 after buying an additional 1,503 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in Talen Energy during the 4th quarter worth approximately $5,794,000.
Institutional investors and hedge funds own 0.38% of the company’s stock. Analysts Set New Price Targets A number of analysts have recently issued reports on the stock.
Evercore ISI started coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an “outperform” rating on the stock. Bank of America initiated coverage on shares of Talen Energy in a research note on Monday, February 3rd.
They set a “buy” rating and a $253.00 price target on the stock. JPMorgan Chase & Co.
lowered their price objective on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 28th.
UBS Group cut their target price on Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a research report on Friday, April 11th.
Finally, Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Buy” and an average target price of $240.18. Talen Energy Trading Up 0.
3 % NASDAQ TLN opened at $211.56 on Friday. The firm has a market capitalization of $9.
63 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.
93. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.
03. The company has a 50-day simple moving average of $201.72 and a 200-day simple moving average of $203.
01. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.
37 and a current ratio of 4.10. Talen Energy Profile ( 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. Recommended Stories Want to see what other hedge funds are holding TLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talen Energy Corporation ( NASDAQ:TLN – Free Report ).
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