Reaves W H & Co. Inc. Has $570.39 Million Stock Holdings in Talen Energy Corporation $TLN

Reaves W H & Co. Inc. raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,521,697 shares of the utilities provider’s stock after purchasing an additional 111,160 shares during the period. Talen Energy accounts for approximately 10.0% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its biggest position. Reaves W H & Co. Inc.’s holdings in Talen Energy were worth $570,393,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TLN. Amundi bought a new position in Talen Energy during the 1st quarter worth $299,000. AQR Capital Management LLC bought a new position in Talen Energy during the 1st quarter worth $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Talen Energy by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after acquiring an additional 761 shares during the period. NewEdge Advisors LLC grew its holdings in Talen Energy by 17,400.0% during the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 870 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Talen Energy by 15.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after acquiring an additional 6,498 shares during the period. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $386.80 on Monday. The business has a 50-day simple moving average of $348.10 and a 200 day simple moving average of $358.58. Talen Energy Corporation has a one year low of $239.20 and a one year high of $451.28. 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 market capitalization of $17.56 billion, a price-to-earnings ratio of -577.30 and a beta of 1.81.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TLN shares. BNP Paribas Exane started coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a report on Thursday, May 21st. 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 report on Thursday, March 19th. Wells Fargo & Company increased their price target on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average 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).