US Bancorp DE Raises Stock Position in Talen Energy Corporation $TLN

US Bancorp DE raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,441 shares of the utilities provider’s stock after purchasing an additional 4,453 shares during the quarter. US Bancorp DE owned 0.22% of Talen Energy worth $43,151,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TLN. MAI Capital Management boosted its stake in shares of Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after buying an additional 59 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Talen Energy by 8.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock worth $335,000 after purchasing an additional 59 shares in the last quarter. Main Management ETF Advisors LLC boosted its position in Talen Energy by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock worth $1,066,000 after purchasing an additional 60 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Talen Energy by 4.8% during the 2nd quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock worth $401,000 after purchasing an additional 63 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Down 0.4%

Shares of TLN opened at $390.05 on Friday. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The stock has a market cap of $17.82 billion, a PE ratio of 84.43, a price-to-earnings-growth ratio of 0.59 and a beta of 1.98. The firm’s fifty day moving average is $370.34 and its two-hundred day moving average is $383.49. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TLN shares. Barclays dropped their price target on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, January 21st. Wells Fargo & Company increased their price target on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, Morgan Stanley set a $474.00 price objective on Talen Energy in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $410.92.

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).