Capital World Investors Cuts Holdings in Talen Energy Corporation (NASDAQ:TLN)

Capital World Investors reduced its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,366,066 shares of the utilities provider's stock after selling 108,257 shares during the period. Capital World Investors owned approximately 2.69% of Talen Energy worth $275,221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wedbush Securities Inc. increased its holdings in shares of Talen Energy by 5.1% during the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock worth $254,000 after buying an additional 61 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Talen Energy during the fourth quarter worth about $37,000. Geneos Wealth Management Inc. bought a new position in Talen Energy in the 4th quarter valued at approximately $39,000. Finally, Empowered Funds LLC bought a new stake in Talen Energy during the 4th quarter worth approximately $42,000. 0.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TLN. Evercore ISI started coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Barclays lowered their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Finally, UBS Group dropped their price objective on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $240.18.

Talen Energy Stock Up 0.3 %

Shares of NASDAQ:TLN traded up $0.55 during midday trading on Friday, hitting $211.56. 703,778 shares of the company's stock were exchanged, compared to its average volume of 1,259,292. 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 $97.25 and a 12 month high of $258.03. The company has a market cap of $9.63 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The stock has a 50 day moving average price of $202.50 and a 200-day moving average price of $202.42.

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.