Capital Research Global Investors Lowers Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Capital Research Global Investors lessened its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 29.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 903,714 shares of the utilities provider’s stock after selling 376,307 shares during the period. Capital Research Global Investors’ holdings in Talen Energy were worth $182,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC bought a new position in shares of Talen Energy in the fourth quarter worth approximately $239,984,000. Pictet Asset Management Holding SA purchased a new position in shares of Talen Energy during the fourth quarter worth approximately $101,931,000. Clearbridge Investments LLC purchased a new stake in shares of Talen Energy in the 4th quarter valued at $88,065,000. Vanguard Group Inc. boosted its stake in shares of Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock valued at $964,302,000 after purchasing an additional 256,414 shares in the last quarter. Finally, FIL Ltd bought a new position in shares of Talen Energy during the 4th quarter valued at $43,816,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TLN has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Barclays dropped their target price on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Bank of America started coverage on Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Morgan Stanley began coverage on Talen Energy in a research note on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price objective for the company. Finally, Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy has a consensus rating of “Buy” and a consensus price target of $240.18.

Talen Energy Stock Performance

NASDAQ:TLN opened at $203.46 on Monday. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm’s fifty day simple moving average is $205.60 and its 200 day simple moving average is $200.35. The stock has a market cap of $9.26 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03.

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.