Stifel Financial Corp Grows Position in Talen Energy Corporation (NASDAQ:TLN)

Stifel Financial Corp raised its position in Talen Energy Corporation (NASDAQ:TLN) by 31.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,325 shares of the utilities provider’s stock after purchasing an additional 6,747 shares during the period. Stifel Financial Corp’s holdings in Talen Energy were worth $5,707,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of Talen Energy by 170.6% in 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 purchased a new position in Talen Energy during the 4th quarter valued at $37,000. Geneos Wealth Management Inc. bought a new position in Talen Energy in the 4th quarter valued at $39,000. Empowered Funds LLC purchased a new stake in Talen Energy in the fourth quarter worth $42,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Talen Energy during the fourth quarter worth $53,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

TLN stock opened at $213.95 on Wednesday. The firm has a 50-day simple moving average of $200.57 and a two-hundred day simple moving average of $205.31. 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 one year low of $98.50 and a one year high of $258.03. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 2.70 and a beta of 1.93.

Analyst Upgrades and Downgrades

TLN has been the topic of several recent analyst reports. Bank of America began coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research note on Wednesday, March 5th. Barclays dropped their price objective on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. lowered their target price on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Finally, UBS Group cut their price target on Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has an average rating of “Buy” and a consensus target price of $240.18.

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.