The Manufacturers Life Insurance Company Has $2.94 Million Stake in Talen Energy Corporation (NASDAQ:TLN)

The Manufacturers Life Insurance Company lowered its holdings in Talen Energy Corporation (NASDAQ:TLN) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,612 shares of the utilities provider’s stock after selling 111 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Talen Energy were worth $2,944,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLN. Tidal Investments LLC bought a new stake in Talen Energy during the 3rd quarter worth about $304,000. Harbor Capital Advisors Inc. acquired a new position in shares of Talen Energy during the fourth quarter worth approximately $1,365,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy in the fourth quarter valued at approximately $240,000. Diversify Advisory Services LLC bought a new position in Talen Energy in the 4th quarter worth approximately $5,794,000. Finally, SG Americas Securities LLC acquired a new position in Talen Energy during the 4th quarter worth $152,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Price Performance

Shares of TLN opened at $225.26 on Friday. The stock has a 50 day simple moving average of $203.56 and a 200 day simple moving average of $209.78. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The firm has a market capitalization of $10.25 billion, a PE ratio of 12.06, a P/E/G ratio of 2.70 and a beta of 1.90.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of recent research reports. Morgan Stanley started coverage on Talen Energy in a research report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 target price for the company. Evercore ISI started coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy has a consensus rating of “Buy” and a consensus price target of $240.18.

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.