Talen Energy Corporation $TLN Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its holdings in Talen Energy Corporation (NASDAQ:TLN) by 72.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,895 shares of the utilities provider’s stock after selling 133,170 shares during the quarter. River Road Asset Management LLC owned 0.11% of Talen Energy worth $19,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at about $27,000. Assetmark Inc. grew its holdings 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 acquiring an additional 64 shares during the period. Neo Ivy Capital Management purchased a new position in Talen Energy during the third quarter valued at approximately $34,000. Advisory Services Network LLC purchased a new position in Talen Energy during the third quarter valued at approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 90 shares during the period. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $436.29 on Friday. Talen Energy Corporation has a 1 year low of $255.50 and a 1 year high of $451.28. The firm has a market capitalization of $19.81 billion, a price-to-earnings ratio of -651.17 and a beta of 1.80. 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 business’s 50 day moving average price is $365.73 and its 200-day moving average price is $359.29.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This represents a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TLN. Wells Fargo & Company raised their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th. Morgan Stanley restated an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research report on Thursday, May 21st. The Goldman Sachs Group initiated coverage on shares of Talen Energy in a report on Thursday. They issued a “buy” rating and a $499.00 price objective for the company. Finally, Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $452.46.

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).