Talen Energy Corporation (NASDAQ:TLN) Stock Holdings Lowered by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC trimmed its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,432 shares of the utilities provider’s stock after selling 388 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Talen Energy were worth $29,703,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Talen Energy by 5.7% during the fourth 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. William Blair Investment Management LLC bought a new position in shares of Talen Energy in the 4th quarter valued at approximately $239,984,000. Invesco Ltd. lifted its holdings in Talen Energy by 32.8% in the 4th quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider’s stock worth $131,455,000 after purchasing an additional 161,269 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in Talen Energy during the fourth quarter worth approximately $101,931,000. Finally, Clearbridge Investments LLC acquired a new position in Talen Energy during the fourth quarter valued at approximately $88,065,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of Talen Energy stock opened at $211.56 on Friday. The firm has a market cap of $9.63 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The firm’s 50-day simple moving average is $201.72 and its 200-day simple moving average is $203.01.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Barclays decreased their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Morgan Stanley assumed coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective on the stock. Evercore ISI initiated coverage on Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating on the stock. Finally, Bank of America started coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price on the stock. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $240.18.

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.