Thrivent Financial for Lutherans Has $4.55 Million Stake in Talen Energy Corporation (NASDAQ:TLN)

Thrivent Financial for Lutherans reduced its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 53.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,600 shares of the utilities provider's stock after selling 25,706 shares during the period. Thrivent Financial for Lutherans' holdings in Talen Energy were worth $4,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP increased its stake in shares of Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 116 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Talen Energy during the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new stake in Talen Energy in the fourth quarter valued at approximately $39,000. BNP Paribas Financial Markets acquired a new stake in Talen Energy in the third quarter worth $36,000. Finally, Empowered Funds LLC bought a new position in shares of Talen Energy during the fourth quarter worth $42,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Trading Up 1.9 %

Talen Energy stock opened at $218.96 on Tuesday. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 2.70 and a beta of 2.00. The firm has a 50-day moving average of $219.20 and a 200-day moving average of $189.39. 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 one year low of $98.50 and a one year high of $258.03.

Wall Street Analyst Weigh In

TLN has been the topic of several research analyst reports. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. UBS Group raised their price target on Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Morgan Stanley started coverage on Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price for the company. Bank of America began coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target on the stock. Finally, Oppenheimer increased their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has an average rating of "Buy" and an average target price of $241.36.

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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.

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