BW Gestao de Investimentos Ltda. Purchases New Shares in Talen Energy Corporation $TLN

BW Gestao de Investimentos Ltda. purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 58,077 shares of the utilities provider’s stock, valued at approximately $21,770,000. Talen Energy makes up 0.5% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 22nd largest position. BW Gestao de Investimentos Ltda. owned approximately 0.13% of Talen Energy at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC acquired a new position in Talen Energy during the 4th quarter worth $27,000. Assetmark Inc. grew its holdings in Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Talen Energy during the 3rd quarter worth $34,000. Advisory Services Network LLC acquired a new position in Talen Energy during the 3rd quarter worth $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 90 shares in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. BNP Paribas Exane assumed coverage on shares of Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective for the company. Wells Fargo & Company raised their price target on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Barclays raised their price target on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Finally, Raymond James Financial restated an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $448.58.

Talen Energy Trading Down 2.5%

Shares of NASDAQ:TLN opened at $377.20 on Tuesday. The company has a market cap of $17.12 billion, a PE ratio of -562.98 and a beta of 1.81. The company’s 50-day moving average price is $348.84 and its 200 day moving average price is $358.60. Talen Energy Corporation has a fifty-two week low of $240.90 and a fifty-two week high of $451.28. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

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).