River Road Asset Management LLC Decreases Stock Position in Talen Energy Corporation $TLN

River Road Asset Management LLC lessened its position in Talen Energy Corporation (NASDAQ:TLN) by 72.0% during the 4th quarter, HoldingsChannel.com reports. 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’s holdings in Talen Energy were worth $19,452,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in shares of Talen Energy by 35.7% during the fourth quarter. Pacer Advisors Inc. now owns 8,238 shares of the utilities provider’s stock worth $3,088,000 after purchasing an additional 2,168 shares in the last quarter. Arrow Capital Management LLC purchased a new position in Talen Energy in the 4th quarter valued at $10,512,000. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in Talen Energy during the 4th quarter worth $220,000. Attestor Capital Ltd acquired a new stake in Talen Energy during the 4th quarter worth $53,916,000. Finally, McLaughlin Asset Management Inc. purchased a new stake in shares of Talen Energy during the fourth quarter worth $900,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction that occurred 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 sale, the director owned 2,606 shares of the company’s stock, valued at approximately $990,280. The trade was a 49.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.78% of the stock is currently owned by company insiders.

Talen Energy Stock Performance

Shares of TLN opened at $436.29 on Friday. Talen Energy Corporation has a 12-month low of $255.50 and a 12-month high of $451.28. The firm has a market capitalization of $19.81 billion, a P/E ratio of -651.17 and a beta of 1.80. The firm has a 50-day moving average price of $365.73 and a 200 day moving average price of $359.29. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. BNP Paribas Exane assumed coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.46.

Talen Energy 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).