Talen Energy Corporation $TLN Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd cut its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,863 shares of the utilities provider’s stock after selling 2,589 shares during the period. Altshuler Shaham Ltd’s holdings in Talen Energy were worth $5,571,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in shares of 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 acquiring an additional 5,389 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 acquiring an additional 24,452 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Talen Energy by 157.0% during the third quarter. Victory Capital Management Inc. now owns 111,104 shares of the utilities provider’s stock valued at $47,261,000 after acquiring an additional 67,881 shares during the last quarter. South Dakota Investment Council acquired a new position in shares of Talen Energy during the third quarter valued at approximately $1,489,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Talen Energy by 11.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 45,250 shares of the utilities provider’s stock valued at $16,962,000 after acquiring an additional 4,770 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of research analyst reports. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Barclays increased their target price on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. BNP Paribas Exane initiated coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. Finally, Wells Fargo & Company increased their target price on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Eleven 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.com, Talen Energy presently has an average rating of “Moderate Buy” and a consensus target price of $448.58.

Insider Activity at Talen Energy

In related news, Director Gizman I. Abbas sold 2,600 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director owned 2,606 shares of the company’s stock, valued at approximately $990,280. This trade represents a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.78% of the company’s stock.

Talen Energy Price Performance

NASDAQ:TLN opened at $409.81 on Thursday. Talen Energy Corporation has a one year low of $255.50 and a one year high of $451.28. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. The stock has a market cap of $18.61 billion, a PE ratio of -611.65 and a beta of 1.80. The stock has a 50 day moving average price of $361.45 and a 200 day moving average price of $358.45.

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).