Talen Energy Corporation $TLN Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 16.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,056 shares of the utilities provider’s stock after purchasing an additional 5,799 shares during the period. Thrivent Financial for Lutherans’ holdings in Talen Energy were worth $15,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi acquired a new stake in shares of Talen Energy in the 1st quarter worth $299,000. AQR Capital Management LLC acquired a new position in shares of Talen Energy during the first quarter worth about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 acquiring an additional 761 shares during the period. NewEdge Advisors LLC raised its holdings 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 lifted its position 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 period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TLN has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. BNP Paribas Exane began coverage on Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Morgan Stanley set a $498.00 target price on Talen Energy in a report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $448.25.

Talen Energy Stock Down 3.0%

Shares of NASDAQ:TLN opened at $324.21 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The company has a market capitalization of $14.72 billion, a P/E ratio of -483.89 and a beta of 1.90. Talen Energy Corporation has a 52-week low of $232.34 and a 52-week high of $451.28. The stock’s fifty day simple moving average is $340.36 and its 200-day simple moving average is $360.46.

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).