Allspring Global Investments Holdings LLC Has $113.23 Million Holdings in Talen Energy Corporation $TLN

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,410 shares of the utilities provider’s stock after selling 45,793 shares during the period. Allspring Global Investments Holdings LLC owned 0.62% of Talen Energy worth $113,231,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TLN. Grove Bank & Trust bought a new stake in shares of Talen Energy during the third quarter worth $32,000. Assetmark Inc. increased its position in Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Talen Energy in the 3rd quarter valued at about $34,000. Advisory Services Network LLC bought a new position in shares of Talen Energy in the third quarter worth about $35,000. Finally, Optiver Holding B.V. bought a new position in shares of Talen Energy in the third quarter worth about $48,000. Institutional investors own 0.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on TLN shares. Morgan Stanley set a $474.00 price target on shares of Talen Energy in a research note on Friday, February 20th. JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. BNP Paribas Exane assumed coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective on the stock. 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 report on Wednesday, February 11th. Finally, Wells Fargo & Company boosted their target price on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Twelve investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $438.17.

Talen Energy Trading Up 2.0%

NASDAQ:TLN opened at $319.23 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. Talen Energy Corporation has a 1-year low of $162.31 and a 1-year high of $451.28. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of -64.62, a PEG ratio of 0.44 and a beta of 1.94. The business’s 50-day moving average price is $346.95 and its two-hundred day moving average price is $375.21.

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).