Whittier Trust Co. Grows Holdings in Talen Energy Corporation (NASDAQ:TLN)

Whittier Trust Co. lifted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 61,069.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,420 shares of the utilities provider's stock after buying an additional 32,367 shares during the period. Whittier Trust Co. owned approximately 0.06% of Talen Energy worth $6,531,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP boosted its stake in Talen Energy by 170.6% in the fourth 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 bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy in the fourth quarter valued at approximately $39,000. BNP Paribas Financial Markets bought a new position in Talen Energy during the third quarter valued at $36,000. Finally, Empowered Funds LLC purchased a new stake in Talen Energy in the fourth quarter worth $42,000. 0.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

TLN has been the topic of a number of recent research reports. Oppenheimer upped their price target on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. Morgan Stanley began coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Barclays dropped their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Finally, Bank of America initiated coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective for the company. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $241.36.

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Talen Energy Price Performance

Shares of Talen Energy stock traded up $4.15 during trading on Monday, hitting $218.96. The stock had a trading volume of 1,333,577 shares, compared to its average volume of 1,112,583. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The firm 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 business's 50-day moving average is $219.20 and its 200 day moving average is $189.39.

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.