Talen Energy Corporation $TLN Stake Lifted by Whittier Trust Co.

Whittier Trust Co. raised its stake in Talen Energy Corporation (NASDAQ:TLN) by 10.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 37,600 shares of the utilities provider’s stock after buying an additional 3,552 shares during the quarter. Whittier Trust Co. owned approximately 0.08% of Talen Energy worth $12,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TLN. Flagship Harbor Advisors LLC acquired a new position in Talen Energy during the 4th quarter valued at about $27,000. Neo Ivy Capital Management acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after buying an additional 90 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Talen Energy during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of TLN traded down $10.91 during mid-day trading on Tuesday, hitting $366.88. The company’s stock had a trading volume of 85,269 shares, compared to its average volume of 834,419. 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 firm has a 50-day moving average price of $377.34 and a 200 day moving average price of $361.63. Talen Energy Corporation has a fifty-two week low of $255.50 and a fifty-two week high of $451.28. The stock has a market capitalization of $17.57 billion, a price-to-earnings ratio of -547.56 and a beta of 1.82.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TLN. Morgan Stanley restated an “overweight” rating and issued a $508.00 target price on shares of Talen Energy in a research report on Wednesday, June 24th. 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, May 19th. Jefferies Financial Group cut shares of Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 price objective on the stock. in a research note on Tuesday, June 23rd. BNP Paribas Exane initiated coverage on shares of Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price 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. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $458.77.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the transaction, the director owned 2,606 shares in the company, valued at approximately $990,280. The trade was a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.78% of the company’s stock.

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).