Whittier Trust Co. of Nevada Inc. Takes $3.28 Million Position in Talen Energy Corporation (NASDAQ:TLN)

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

Other large investors have also recently bought and sold shares of the company. Rubric Capital Management LP acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $2,026,342,000. Monarch Alternative Capital LP acquired a new stake in Talen Energy in the 3rd quarter valued at $258,448,000. William Blair Investment Management LLC bought a new stake in Talen Energy during the 4th quarter worth about $239,984,000. Mirabella Financial Services LLP acquired a new position in shares of Talen Energy during the 3rd quarter worth about $168,108,000. Finally, Sachem Head Capital Management LP bought a new position in shares of Talen Energy in the 3rd quarter valued at about $167,724,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

TLN has been the topic of several analyst reports. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price on the stock. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Barclays decreased their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Oppenheimer upped their price target 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. Finally, Morgan Stanley began 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 on the stock. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $241.36.

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Talen Energy Stock Performance

Talen Energy stock traded down $4.27 during trading hours on Tuesday, hitting $214.69. The company had a trading volume of 292,746 shares, compared to its average volume of 1,112,583. 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. The firm has a market cap of $9.87 billion, a PE ratio of 11.45, a PEG ratio of 2.70 and a beta of 2.00. 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.