Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 78.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,872 shares of the utilities provider's stock after selling 31,995 shares during the period. Legal & General Group Plc's holdings in Talen Energy were worth $1,787,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. lifted its position in Talen Energy by 32.8% in the 4th quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after buying an additional 161,269 shares during the last quarter. Bank of Montreal Can bought a new stake in Talen Energy in the fourth quarter worth $1,224,000. Sierra Summit Advisors LLC bought a new position in shares of Talen Energy during the fourth quarter valued at about $561,000. Polymer Capital Management HK LTD bought a new stake in shares of Talen Energy in the 4th quarter valued at about $1,209,000. Finally, Russell Investments Group Ltd. grew its position in Talen Energy by 68.0% during the 4th quarter. Russell Investments Group Ltd. now owns 9,955 shares of the utilities provider's stock worth $2,006,000 after acquiring an additional 4,029 shares during the last quarter. Institutional investors own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TLN. Morgan Stanley began coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. UBS Group lowered their price objective on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price target 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 analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $240.18.

Talen Energy Trading Up 0.1 %

NASDAQ:TLN traded up $0.24 on Wednesday, reaching $214.19. 357,003 shares of the company's stock were exchanged, compared to its average volume of 1,105,815. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 11.47, 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 company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average of $200.57 and a 200-day moving average of $205.31.

Talen Energy Company Profile

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.