Sei Investments Co. Sells 30,623 Shares of Talen Energy Corporation $TLN

Sei Investments Co. trimmed its position in Talen Energy Corporation (NASDAQ:TLN) by 18.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,868 shares of the utilities provider’s stock after selling 30,623 shares during the period. Sei Investments Co.’s holdings in Talen Energy were worth $44,015,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC purchased a new position in shares of Talen Energy during the fourth quarter valued at approximately $27,000. Advisory Services Network LLC purchased a new stake in shares of Talen Energy in the 3rd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. grew its stake 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 buying an additional 90 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Talen Energy during the 4th quarter valued at approximately $39,000. Finally, Bessemer Group Inc. increased its position in Talen Energy by 404.0% during the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after buying an additional 101 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Insider Activity at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director owned 2,606 shares of the company’s stock, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TLN. Jefferies Financial Group dropped their target price on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Scotiabank raised their price target on Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $508.00 price target on shares of Talen Energy in a research report on Wednesday, June 24th. Barclays upped their price target on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Talen Energy has a consensus rating of “Moderate Buy” and a consensus price target of $476.27.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $359.90 on Monday. The firm has a market cap of $17.24 billion, a P/E ratio of -537.16 and a beta of 1.82. Talen Energy Corporation has a twelve month low of $301.45 and a twelve month high of $451.28. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The company has a 50 day moving average of $379.23 and a 200 day moving average of $361.58.

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).