Whittier Trust Co. of Nevada Inc. Invests $3.28 Million in Talen Energy Corporation (NASDAQ:TLN)

Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,290 shares of the utilities provider’s stock, valued at approximately $3,282,000.

Several other institutional investors have also bought and sold shares of the stock. Allworth Financial LP increased its position in shares of Talen Energy by 170.6% during 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 during the period. Jones Financial Companies Lllp acquired a new position in Talen Energy during the fourth quarter worth about $37,000. Geneos Wealth Management Inc. bought a new stake in Talen Energy in the fourth quarter worth about $39,000. BNP Paribas Financial Markets acquired a new stake in Talen Energy in the 3rd quarter valued at about $36,000. Finally, Empowered Funds LLC bought a new position in shares of Talen Energy during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TLN. Bank of America started 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. Evercore ISI began coverage on Talen Energy in a research note on Friday, February 21st. They set an “outperform” rating for the company. Oppenheimer boosted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays decreased their price target on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Finally, UBS Group boosted their price objective on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $241.36.

Talen Energy Price Performance

Shares of TLN opened at $214.81 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 2.70 and a beta of 2.00. The business’s 50-day moving average is $219.07 and its 200-day moving average is $187.70. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03.

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.