State of Wyoming Sells 1,650 Shares of Talen Energy Corporation $TLN

State of Wyoming cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 47.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,862 shares of the utilities provider’s stock after selling 1,650 shares during the period. State of Wyoming’s holdings in Talen Energy were worth $698,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC acquired a new position in shares of Talen Energy in the 4th quarter worth approximately $27,000. Assetmark Inc. lifted its position in shares of Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $34,000. Advisory Services Network LLC acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Talen Energy by 1,500.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 90 shares during the period. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TLN shares. Wells Fargo & Company boosted their price target on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a research note on Thursday, May 21st. Raymond James Financial restated an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a research report on Monday, April 27th. JPMorgan Chase & Co. cut their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Finally, Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $448.58.

Talen Energy Stock Performance

NASDAQ TLN opened at $378.08 on Friday. The firm has a market cap of $17.16 billion, a price-to-earnings ratio of -564.29 and a beta of 1.80. The company has a fifty day moving average price of $353.11 and a 200-day moving average price of $359.02. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. Talen Energy Corporation has a 1 year low of $246.95 and a 1 year high of $451.28.

About Talen Energy

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).