Northwestern Mutual Investment Management Company LLC Makes New $4.33 Million Investment in Talen Energy Corporation $TLN

Northwestern Mutual Investment Management Company LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,184 shares of the utilities provider’s stock, valued at approximately $4,332,000.

A number of other large investors have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in Talen Energy by 33.9% during the second quarter. Envestnet Asset Management Inc. now owns 38,312 shares of the utilities provider’s stock worth $11,140,000 after purchasing an additional 9,692 shares in the last quarter. Mutual Advisors LLC acquired a new position in shares of Talen Energy in the 3rd quarter valued at $2,485,000. Principal Financial Group Inc. grew its position in shares of Talen Energy by 2,067.8% in the 3rd quarter. Principal Financial Group Inc. now owns 101,452 shares of the utilities provider’s stock valued at $43,156,000 after buying an additional 96,772 shares during the last quarter. Securian Asset Management Inc. acquired a new stake in Talen Energy during the 3rd quarter worth $1,481,000. Finally, Bank of New York Mellon Corp raised its stake in Talen Energy by 57.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 376,562 shares of the utilities provider’s stock worth $160,182,000 after acquiring an additional 137,182 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

TLN has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, January 21st. Wells Fargo & Company upped their target price on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised their price target on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Morgan Stanley boosted their price objective on Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Barclays decreased their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $410.58.

Talen Energy Trading Up 2.4%

NASDAQ:TLN opened at $376.70 on Monday. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The stock’s 50 day simple moving average is $366.57 and its 200-day simple moving average is $383.45. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28. The firm has a market cap of $17.21 billion, a P/E ratio of 81.54, a PEG ratio of 0.56 and a beta of 1.99.

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).