Harbour Investments Inc. Sells 3,368 Shares of Talen Energy Corporation $TLN

Harbour Investments Inc. lowered its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 85.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 595 shares of the utilities provider’s stock after selling 3,368 shares during the quarter. Harbour Investments Inc.’s holdings in Talen Energy were worth $223,000 at the end of the most recent quarter.

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

Talen Energy Stock Down 1.5%

Shares of NASDAQ:TLN opened at $379.59 on Thursday. The company has a market capitalization of $17.23 billion, a PE ratio of -566.54 and a beta of 1.80. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The business has a fifty day moving average price of $351.86 and a two-hundred day moving average price of $358.90. Talen Energy Corporation has a 1 year low of $246.95 and a 1 year high of $451.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays upped their price target on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company upped their price objective on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. BNP Paribas Exane assumed coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Finally, Raymond James Financial restated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a research note on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Talen Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $448.58.

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).