Talen Energy Corporation $TLN Shares Sold by Capital Research Global Investors

Key Points

• Capital Research Global Investors trimmed its stake in Talen Energy by 2.6% in Q3, selling 9,982 shares and ending the period with 371,434 shares valued at about $158 million (roughly 0.81% of the company).
• Analysts maintain a consensus of Moderate Buy with an average target of $430.09; notable recent moves include Wells Fargo raising its target to $506, Morgan Stanley at $474, Barclays lowering to $425, and Weiss Ratings cutting to a Sell.
• Talen stock opened at $316.22, trades in a 52‑week range of $162.31–$451.28, and has a market cap of $14.45 billion along with a negative trailing P/E (-64.01), reflecting recent losses and volatility.

Capital Research Global Investors cut its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,434 shares of the utilities provider's stock after selling 9,982 shares during the period. Capital Research Global Investors owned approximately 0.81% of Talen Energy worth $158,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Amundi acquired a new stake in shares of Talen Energy in the 1st quarter worth approximately $299,000. AQR Capital Management LLC acquired a new position in Talen Energy during the first quarter worth $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Talen Energy by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider's stock worth $1,454,000 after purchasing an additional 761 shares in the last quarter. NewEdge Advisors LLC boosted its position in Talen Energy by 17,400.0% during the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider's stock worth $175,000 after purchasing an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Talen Energy by 15.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider's stock valued at $9,794,000 after purchasing an additional 6,498 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TLN shares. Morgan Stanley set a $474.00 price target on Talen Energy in a research report on Friday, February 20th. Wells Fargo & Company boosted their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 20th. Barclays lowered their price objective on shares of Talen Energy from $457.00 to $425.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 11th. Finally, Weiss Ratings cut shares of Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, February 27th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $430.09.

Talen Energy Stock Performance

Talen Energy stock opened at $316.22 on Thursday. Talen Energy Corporation has a fifty-two week low of $162.31 and a fifty-two week high of $451.28. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of -64.01, a PEG ratio of 0.49 and a beta of 1.94. The stock has a fifty day moving average of $363.20 and a two-hundred day moving average of $381.50. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28.

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).

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