Bank of Marin Sells 156 Shares of Talen Energy Corporation (NASDAQ:TLN)

Bank of Marin decreased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,270 shares of the utilities provider’s stock after selling 156 shares during the quarter. Bank of Marin’s holdings in Talen Energy were worth $860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLN. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the 3rd quarter valued at about $36,000. Allworth Financial LP raised its holdings in shares of Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Talen Energy in the 4th quarter valued at about $37,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy in the 4th quarter valued at about $39,000. Finally, Empowered Funds LLC purchased a new position in shares of Talen Energy in the 4th quarter worth approximately $42,000. Institutional investors own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

TLN has been the topic of a number of analyst reports. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Bank of America initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price on the stock. Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price target on the stock. UBS Group upped their price target on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Oppenheimer upped their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $241.36.

Talen Energy Stock Down 2.1 %

NASDAQ:TLN opened at $202.74 on Wednesday. The firm has a market capitalization of $9.32 billion, a P/E ratio of 10.85, a PEG ratio of 2.70 and a beta of 2.00. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The company’s fifty day moving average price is $219.37 and its 200-day moving average price is $186.68. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

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.