US Bancorp DE Boosts Stock Position in Talen Energy Corporation $TLN

US Bancorp DE lifted its stake in Talen Energy Corporation (NASDAQ:TLN) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,441 shares of the utilities provider’s stock after purchasing an additional 4,453 shares during the quarter. US Bancorp DE’s holdings in Talen Energy were worth $43,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jag Capital Management LLC acquired a new stake in shares of Talen Energy in the 3rd quarter worth $278,000. Optiver Holding B.V. purchased a new stake in shares of Talen Energy in the third quarter valued at about $48,000. Thoroughbred Financial Services LLC increased its position in Talen Energy by 3.8% during the third quarter. Thoroughbred Financial Services LLC now owns 2,518 shares of the utilities provider’s stock worth $1,071,000 after purchasing an additional 92 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new position in Talen Energy during the third quarter worth about $10,760,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in Talen Energy in the 3rd quarter valued at about $502,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

NASDAQ TLN opened at $390.05 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. The company has a market cap of $17.82 billion, a P/E ratio of 84.43, a P/E/G ratio of 0.59 and a beta of 1.98. The stock has a 50-day moving average of $370.34 and a two-hundred day moving average of $383.49. Talen Energy Corporation has a 1-year low of $158.08 and a 1-year high of $451.28.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TLN shares. Morgan Stanley set a $474.00 price target on shares of Talen Energy in a report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, January 21st. Wells Fargo & Company upped their price target on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Barclays lowered their price target on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and an average price target of $410.92.

About Talen Energy

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).