Wells Fargo & Company MN Purchases 2,438 Shares of Talen Energy Corporation (NASDAQ:TLN)

Wells Fargo & Company MN grew its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 500.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,925 shares of the utilities provider's stock after buying an additional 2,438 shares during the period. Wells Fargo & Company MN's holdings in Talen Energy were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP increased its stake in Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after acquiring an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Talen Energy in the fourth quarter worth $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the fourth quarter valued at $39,000. Empowered Funds LLC purchased a new stake in Talen Energy during the fourth quarter valued at $42,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Talen Energy in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TLN. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Morgan Stanley assumed coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock. Barclays decreased their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Finally, Bank of America assumed coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective for the company. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $240.18.

Talen Energy Stock Up 5.6 %

TLN stock traded up $12.44 during trading on Tuesday, hitting $234.72. 1,398,324 shares of the company's stock traded hands, compared to its average volume of 1,105,451. The firm has a market capitalization of $10.68 billion, a P/E ratio of 12.57, a PEG ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year 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 simple moving average of $201.02 and a two-hundred day simple moving average of $208.80.

Talen Energy 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.