Global Retirement Partners LLC Has $833,000 Stock Position in Talen Energy Corporation $TLN

Global Retirement Partners LLC raised its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 431.6% in the 4th quarter, Holdings Channel reports. The firm owned 2,222 shares of the utilities provider’s stock after acquiring an additional 1,804 shares during the period. Global Retirement Partners LLC’s holdings in Talen Energy were worth $833,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised 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 valued at $145,870,000 after purchasing an additional 5,389 shares in the last quarter. Mutual Advisors LLC acquired a new position in Talen Energy during the third quarter valued at approximately $2,485,000. Reaves W H & Co. Inc. raised 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 valued at $600,014,000 after purchasing an additional 158,047 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Talen Energy by 1,526.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock valued at $9,766,000 after purchasing an additional 24,452 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Talen Energy by 2,067.8% during the third quarter. Principal Financial Group Inc. now owns 101,452 shares of the utilities provider’s stock valued at $43,156,000 after purchasing an additional 96,772 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TLN has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company boosted their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and set a $499.00 price objective on shares of Talen Energy in a research report on Thursday, May 21st. Barclays boosted their price objective on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Talen Energy presently has a consensus rating of “Moderate Buy” and an average target price of $448.58.

Talen Energy Stock Up 4.4%

Shares of NASDAQ:TLN opened at $389.00 on Wednesday. The company has a fifty day moving average of $344.80 and a 200-day moving average of $358.70. The company has a market capitalization of $17.66 billion, a PE ratio of -580.59 and a beta of 1.90. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. Talen Energy Corporation has a 52-week low of $239.20 and a 52-week high of $451.28.

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).