Capital Research Global Investors Reduces Position in Talen Energy Corporation (NASDAQ:TLN)

Capital Research Global Investors lowered its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 903,714 shares of the utilities provider's stock after selling 376,307 shares during the quarter. Capital Research Global Investors owned approximately 1.78% of Talen Energy worth $182,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after acquiring an additional 256,414 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Talen Energy in the fourth quarter valued at approximately $239,984,000. Invesco Ltd. raised its stake in shares of Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after purchasing an additional 161,269 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Talen Energy during the fourth quarter worth $101,931,000. Finally, Clearbridge Investments LLC purchased a new position in Talen Energy in the 4th quarter valued at $88,065,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TLN shares. UBS Group reduced their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Morgan Stanley assumed coverage on Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective on the stock. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a report on Wednesday, March 5th. Bank of America initiated coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $240.18.

Talen Energy Price Performance

Shares of Talen Energy stock traded up $0.55 on Friday, hitting $211.56. The company's stock had a trading volume of 703,847 shares, compared to its average volume of 1,114,897. The company has a market capitalization of $9.63 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The firm has a fifty day moving average price of $201.72 and a 200-day moving average price of $203.01. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

About Talen Energy

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.