Vanguard Group Inc. Sells 65,505 Shares of Talen Energy Corporation $TLN

Vanguard Group Inc. lowered its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,457,654 shares of the utilities provider’s stock after selling 65,505 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Talen Energy worth $1,670,907,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC bought a new stake in Talen Energy during the fourth quarter valued at about $27,000. Assetmark Inc. boosted its position 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 purchasing an additional 64 shares in the last quarter. 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. Institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Up 5.8%

Shares of NASDAQ:TLN opened at $372.42 on Friday. The business has a 50-day moving average price of $339.39 and a 200-day moving average price of $363.54. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of -75.39, a PEG ratio of 0.51 and a beta of 2.15. Talen Energy Corporation has a 52-week low of $216.20 and a 52-week high of $451.28.

Analyst Ratings Changes

TLN has been the subject of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research note on Monday. Barclays decreased their price target on Talen Energy from $425.00 to $408.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Wells Fargo & Company increased their price target on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. decreased their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, BNP Paribas Exane initiated coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target for the company. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $449.08.

Talen Energy 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).