Whittier Trust Co. of Nevada Inc. Buys Shares of 16,290 Talen Energy Corporation (NASDAQ:TLN)

Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,290 shares of the utilities provider's stock, valued at approximately $3,282,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its position 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 worth $37,000 after buying an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new position in Talen Energy in the 4th quarter valued at $37,000. Geneos Wealth Management Inc. acquired a new stake in shares of Talen Energy during the 4th quarter worth approximately $39,000. BNP Paribas Financial Markets acquired a new position in Talen Energy during the third quarter worth about $36,000. Finally, Empowered Funds LLC acquired a new position in shares of Talen Energy during the fourth quarter worth $42,000. Institutional investors own 0.38% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TLN. Bank of America started 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. UBS Group increased their price target on Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Evercore ISI started coverage on Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. Oppenheimer boosted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Finally, Barclays cut their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has an average rating of "Buy" and a consensus price target of $241.36.

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Talen Energy Stock Down 6.7 %

Shares of TLN traded down $14.64 during trading hours on Wednesday, hitting $203.09. The company had a trading volume of 1,351,293 shares, compared to its average volume of 1,113,469. The company has a market capitalization of $9.24 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company's fifty day moving average price is $219.15 and its two-hundred day moving average price is $190.08. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03.

About Talen Energy

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.