Talen Energy Corporation (NASDAQ:TLN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,956 shares of the utilities provider's stock after selling 53,787 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Talen Energy worth $15,706,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Allworth Financial LP raised its stake in Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Talen Energy during the 4th quarter worth $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy in the 4th quarter worth $39,000. BNP Paribas Financial Markets acquired a new position in Talen Energy in the third quarter valued at $36,000. Finally, Empowered Funds LLC purchased a new stake in Talen Energy during the fourth quarter valued at about $42,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TLN shares. Barclays reduced their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley assumed coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective for the company. Bank of America started coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. UBS Group decreased their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday. Finally, Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy currently has an average rating of "Buy" and an average target price of $240.18.

Remove Ads

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $2.70 during trading on Tuesday, reaching $202.93. 540,525 shares of the company's stock traded hands, compared to its average volume of 1,129,355. The stock has a market capitalization of $9.24 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The company has a 50 day moving average of $208.34 and a 200-day moving average of $198.18. 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 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.