Talen Energy Corporation $TLN Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lessened its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 34.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 123,078 shares of the utilities provider’s stock after selling 63,480 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Talen Energy were worth $52,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TLN. Atlantic Union Bankshares Corp acquired a new position in shares of Talen Energy in the 2nd quarter worth approximately $27,000. MAI Capital Management raised its position in Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 59 shares during the period. Grove Bank & Trust acquired a new position in Talen Energy during the third quarter worth $32,000. Assetmark Inc. lifted its stake 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 purchasing an additional 64 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Talen Energy by 5,100.0% during the second quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after buying an additional 153 shares during the period. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on TLN. Barclays cut their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Wells Fargo & Company boosted their price target on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Morgan Stanley set a $474.00 price target on shares of Talen Energy in a research report on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, January 21st. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Talen Energy currently has a consensus rating of “Moderate Buy” and an average price target of $410.92.

Talen Energy Trading Down 0.4%

Shares of NASDAQ:TLN opened at $390.05 on Friday. Talen Energy Corporation has a 52 week low of $158.08 and a 52 week high of $451.28. The company’s 50 day moving average is $370.34 and its two-hundred day moving average is $383.49. The company has a market cap of $17.82 billion, a PE ratio of 84.43, a P/E/G ratio of 0.59 and a beta of 1.98. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02.

Talen Energy 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).