Talen Energy Corporation $TLN Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 342,914 shares of the utilities provider’s stock after purchasing an additional 5,389 shares during the quarter. American Century Companies Inc.’s holdings in Talen Energy were worth $145,870,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TLN. Atlantic Union Bankshares Corp acquired a new stake in shares of Talen Energy in the 2nd quarter worth $27,000. MAI Capital Management increased its position in shares of Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares in the last quarter. Grove Bank & Trust acquired a new position in shares of Talen Energy during the 3rd quarter worth $32,000. Assetmark Inc. increased its stake in shares of Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of Talen Energy by 5,100.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 153 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TLN has been the topic of a number of analyst reports. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a research note on Friday, February 20th. Weiss Ratings downgraded Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday. Barclays decreased their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company upped their target price on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and an average target price of $410.92.

Talen Energy Stock Performance

Shares of TLN opened at $370.97 on Monday. The firm has a fifty day moving average of $370.31 and a 200-day moving average of $383.54. The company has a market cap of $16.95 billion, a price-to-earnings ratio of -75.09, a price-to-earnings-growth ratio of 0.56 and a beta of 1.94. 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 Corporation has a 1 year low of $158.08 and a 1 year high of $451.28.

Talen Energy 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).