Harbour Investments Inc. Has $223,000 Stock Position in Talen Energy Corporation $TLN

Harbour Investments Inc. cut its holdings in Talen Energy Corporation (NASDAQ:TLN) by 85.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC acquired a new position in Talen Energy in the fourth quarter valued at approximately $27,000. Assetmark Inc. lifted its stake in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after buying an additional 64 shares during the period. Neo Ivy Capital Management acquired a new position in Talen Energy in the third quarter valued at approximately $34,000. Advisory Services Network LLC acquired a new position in Talen Energy in the third quarter valued at approximately $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Talen Energy in the fourth quarter valued at approximately $39,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on TLN shares. Morgan Stanley reissued an “overweight” rating and issued a $499.00 price target on shares of Talen Energy in a research note on Thursday, May 21st. Wells Fargo & Company boosted their price target on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Barclays boosted their price target on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. BNP Paribas Exane began coverage on Talen Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price on the stock. Finally, Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $448.58.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $379.59 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. Talen Energy Corporation has a twelve month low of $246.95 and a twelve month high of $451.28. The stock’s 50 day moving average is $351.86 and its 200-day moving average is $358.90. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of -566.54 and a beta of 1.80.

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).