Sei Investments Co. Has $12.02 Million Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Sei Investments Co. raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 109.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 59,686 shares of the utilities provider’s stock after acquiring an additional 31,180 shares during the quarter. Sei Investments Co. owned approximately 0.12% of Talen Energy worth $12,024,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TLN. Allworth Financial LP increased its holdings in Talen Energy by 170.6% in the fourth 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 bought a new stake in Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. acquired a new stake in Talen Energy during the 4th quarter valued at approximately $39,000. BNP Paribas Financial Markets bought a new position in Talen Energy during the 3rd quarter worth approximately $36,000. Finally, Empowered Funds LLC acquired 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.

Talen Energy Stock Performance

NASDAQ TLN opened at $197.48 on Friday. The company has a market cap of $8.99 billion, a P/E ratio of 10.57, a PEG ratio of 2.70 and a beta of 2.00. The company has a fifty day simple moving average of $217.31 and a 200 day simple moving average of $191.31. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03.

Analyst Ratings Changes

A number of brokerages recently weighed in on TLN. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Bank of America assumed coverage on 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 Talen Energy in a report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 target price for the company. Finally, UBS Group increased their price target 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, According to MarketBeat, Talen Energy currently has an average rating of “Buy” and an average price target of $241.09.

About Talen Energy

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.