19 hours Ago By ABMN Staff
Charles Schwab Investment Management Inc. cut its position in shares of Talen Energy Corporation ( NASDAQ:TLN – Free Report ) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 430,288 shares of the utilities provider’s stock after selling 2,088 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Talen Energy were worth $86,690,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Rubric Capital Management LP bought a new position in Talen Energy during the third quarter worth $2,026,342,000. Monarch Alternative Capital LP bought a new position in Talen Energy during the third quarter worth $258,448,000.
Mirabella Financial Services LLP acquired a new stake in Talen Energy in the third quarter worth $168,108,000. Sachem Head Capital Management LP acquired a new stake in Talen Energy in the third quarter worth $167,724,000. Finally, FMR LLC acquired a new stake in Talen Energy in the third quarter worth $141,363,000.
0.38% of the stock is currently owned by institutional investors. Talen Energy Price Performance Shares of NASDAQ TLN opened at $165.
75 on Tuesday. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.
03. The firm’s 50-day simple moving average is $221.61 and its 200 day simple moving average is $182.
82. 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 stock has a market cap of $7.
62 billion, a P/E ratio of 8.87, a P/E/G ratio of 2.70 and a beta of 2.
00. Insiders Place Their Bets Wall Street Analyst Weigh In Several equities research analysts have weighed in on TLN shares. Bank of America started coverage on Talen Energy in a research report on Monday, February 3rd.
They issued a “buy” rating and a $253.00 target price on the stock. Oppenheimer increased 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. Daiwa Capital Markets set a $200.
00 target price on Talen Energy in a research report on Wednesday, March 5th. Barclays dropped their target price on Talen Energy from $293.00 to $282.
00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Finally, UBS Group increased their target price on Talen Energy from $242.00 to $269.
00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $241.
20. View Our Latest Research Report on TLN Talen Energy Profile ( Free Report ) 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.
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