Talen Energy Corporation (NASDAQ:TLN) Position Boosted by Capital International Investors

Capital International Investors boosted its position in Talen Energy Corporation (NASDAQ:TLN) by 0.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 157,092 shares of the utilities provider’s stock after buying an additional 80 shares during the period. Capital International Investors’ holdings in Talen Energy were worth $31,649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TLN. JPMorgan Chase & Co. bought a new stake in shares of Talen Energy during the 3rd quarter valued at about $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Talen Energy in the fourth quarter valued at approximately $240,000. Vanguard Group Inc. grew its holdings in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock valued at $964,302,000 after purchasing an additional 256,414 shares during the last quarter. Rhumbline Advisers raised its position in shares of Talen Energy by 37.3% during the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 1,503 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $5,794,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $203.46 on Monday. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 2.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The stock’s 50 day moving average price is $205.60 and its 200 day moving average price is $200.35.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays dropped their target price on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Evercore ISI initiated coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating on the stock. Morgan Stanley started coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an “overweight” rating and a $243.00 target price for the company. UBS Group dropped their price target on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $240.18.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.