Capital International Investors Has $59.19 Million Stock Holdings in Talen Energy Corporation $TLN

Capital International Investors lessened its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,912 shares of the utilities provider’s stock after selling 1,944 shares during the quarter. Capital International Investors owned about 0.35% of Talen Energy worth $59,192,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TLN. Flagship Harbor Advisors LLC acquired a new position in Talen Energy in the fourth quarter valued at about $27,000. Assetmark Inc. lifted its stake in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after buying an additional 64 shares during the period. Neo Ivy Capital Management acquired a new position in Talen Energy in the third quarter valued at about $34,000. Advisory Services Network LLC acquired a new position in Talen Energy in the third quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TLN. Barclays increased their target price on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Morgan Stanley reissued an “overweight” rating and issued a $499.00 target price on shares of Talen Energy in a research note on Thursday, May 21st. Raymond James Financial reissued an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. BNP Paribas Exane began coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Talen Energy has an average rating of “Moderate Buy” and a consensus target price of $448.58.

Talen Energy Stock Up 0.0%

Shares of Talen Energy stock opened at $364.78 on Tuesday. Talen Energy Corporation has a 1 year low of $246.95 and a 1 year high of $451.28. The business has a 50-day moving average of $354.67 and a two-hundred day moving average of $358.92. The company has a market capitalization of $16.56 billion, a P/E ratio of -544.44 and a beta of 1.81. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05.

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).