Blair William & Co. IL Purchases 2,933 Shares of Talen Energy Corporation $TLN

Blair William & Co. IL raised its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 240.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,154 shares of the utilities provider’s stock after purchasing an additional 2,933 shares during the quarter. Blair William & Co. IL’s holdings in Talen Energy were worth $1,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Talen Energy in the second quarter worth about $168,188,000. State Street Corp lifted its stake in shares of Talen Energy by 151.0% during the 2nd quarter. State Street Corp now owns 711,231 shares of the utilities provider’s stock valued at $206,805,000 after buying an additional 427,910 shares in the last quarter. Third Point LLC boosted its holdings in Talen Energy by 34.2% in the 2nd quarter. Third Point LLC now owns 785,000 shares of the utilities provider’s stock worth $228,254,000 after buying an additional 200,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in Talen Energy by 179.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 264,091 shares of the utilities provider’s stock worth $76,790,000 after buying an additional 169,734 shares during the period. Finally, Geode Capital Management LLC grew its stake in Talen Energy by 26.1% in the 2nd quarter. Geode Capital Management LLC now owns 794,754 shares of the utilities provider’s stock valued at $231,150,000 after buying an additional 164,734 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TLN. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a report on Friday, February 20th. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Barclays decreased their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company increased their price objective on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.09.

Talen Energy Stock Performance

Talen Energy stock opened at $311.45 on Friday. Talen Energy Corporation has a 1-year low of $162.31 and a 1-year high of $451.28. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. The firm has a market capitalization of $14.23 billion, a PE ratio of -63.05, a price-to-earnings-growth ratio of 0.46 and a beta of 1.94. The firm’s 50 day simple moving average is $361.93 and its 200 day simple moving average is $381.01.

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).