Brown Advisory Inc. Grows Stock Position in Talen Energy Corporation $TLN

Brown Advisory Inc. increased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 157,607 shares of the utilities provider’s stock after purchasing an additional 4,821 shares during the quarter. Brown Advisory Inc.’s holdings in Talen Energy were worth $59,078,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in Talen Energy during the fourth quarter worth about $27,000. Assetmark Inc. raised its holdings in shares of Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Talen Energy in the third quarter valued at about $34,000. Advisory Services Network LLC acquired a new stake in shares of Talen Energy in the third quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Morgan Stanley restated an “overweight” rating and set a $499.00 price objective on shares of Talen Energy in a research note on Thursday, May 21st. BNP Paribas Exane started coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price on the stock. Raymond James Financial reissued an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th. Finally, Wells Fargo & Company raised their price target on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Talen Energy currently has an average rating of “Moderate Buy” and a consensus target price of $448.58.

Talen Energy Price Performance

Shares of TLN stock opened at $360.54 on Monday. Talen Energy Corporation has a 1 year low of $255.50 and a 1 year high of $451.28. The stock has a market cap of $16.37 billion, a PE ratio of -538.11 and a beta of 1.81. The business’s fifty day moving average is $356.99 and its 200-day moving average is $358.18. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25.

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).