William Blair Investment Management LLC Sells 110,298 Shares of Talen Energy Corporation $TLN

William Blair Investment Management LLC cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 569,399 shares of the utilities provider’s stock after selling 110,298 shares during the quarter. William Blair Investment Management LLC owned approximately 1.25% of Talen Energy worth $213,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in Talen Energy during the fourth quarter valued at about $27,000. Assetmark Inc. raised its holdings in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Neo Ivy Capital Management bought a new stake in Talen Energy during the third quarter valued at about $34,000. Advisory Services Network LLC bought a new stake in Talen Energy during the third quarter valued at about $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Talen Energy during the fourth quarter valued at about $39,000. 0.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

TLN has been the topic of a number of recent analyst reports. Barclays raised their price target on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. Finally, Morgan Stanley restated an “overweight” rating and set a $499.00 price objective on shares of Talen Energy in a research report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $448.58.

Talen Energy Trading Up 3.3%

Shares of Talen Energy stock opened at $372.45 on Friday. The firm has a market cap of $16.91 billion, a price-to-earnings ratio of -555.89 and a beta of 1.90. The business has a 50-day moving average price of $342.12 and a 200-day moving average price of $359.35. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. Talen Energy Corporation has a twelve month low of $237.35 and a twelve month high of $451.28.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).