Hsbc Holdings PLC Has $9.19 Million Stock Position in Talen Energy Corporation $TLN

Hsbc Holdings PLC lifted its position in Talen Energy Corporation (NASDAQ:TLN) by 2,452.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,249 shares of the utilities provider’s stock after buying an additional 23,299 shares during the period. Hsbc Holdings PLC owned about 0.05% of Talen Energy worth $9,192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TLN. Fred Alger Management LLC increased its holdings in shares of Talen Energy by 8.4% in the fourth quarter. Fred Alger Management LLC now owns 1,804,094 shares of the utilities provider’s stock worth $676,247,000 after acquiring an additional 140,345 shares in the last quarter. Reaves W H & Co. Inc. increased its stake in Talen Energy by 7.9% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,521,697 shares of the utilities provider’s stock worth $570,393,000 after purchasing an additional 111,160 shares in the last quarter. Invesco Ltd. increased its stake in Talen Energy by 35.6% during the 4th quarter. Invesco Ltd. now owns 1,441,381 shares of the utilities provider’s stock worth $540,287,000 after purchasing an additional 378,357 shares in the last quarter. State Street Corp raised its holdings in Talen Energy by 88.2% during the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after buying an additional 627,467 shares during the period. Finally, Lone Pine Capital LLC raised its holdings in Talen Energy by 9.5% during the 3rd quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock worth $507,272,000 after buying an additional 103,136 shares during the period. 0.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BNP Paribas Exane initiated coverage on shares of Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target for the company. The Goldman Sachs Group began coverage on shares of Talen Energy in a report on Thursday, June 18th. They set a “buy” rating and a $499.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $508.00 price objective on shares of Talen Energy in a research report on Wednesday. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group cut Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 target price for the company. in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and a consensus price target of $458.77.

Talen Energy Price Performance

Shares of TLN opened at $404.09 on Friday. The stock has a market capitalization of $19.35 billion, a P/E ratio of -603.11 and a beta of 1.80. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The company has a 50 day moving average of $374.08 and a 200-day moving average of $360.97. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction on Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the sale, the director directly owned 2,606 shares in the company, valued at approximately $990,280. The trade was a 49.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Talen Energy Company 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).