Allspring Global Investments Holdings LLC Has $2.02 Million Holdings in Talen Energy Corporation (NASDAQ:TLN)

Allspring Global Investments Holdings LLC cut its holdings in Talen Energy Corporation (NASDAQ:TLN) by 94.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,000 shares of the utilities provider’s stock after selling 155,305 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Talen Energy were worth $2,015,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of Talen Energy in the third quarter valued at $520,000. JPMorgan Chase & Co. acquired a new position in shares of Talen Energy in the third quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Talen Energy in the fourth quarter valued at $240,000. Roubaix Capital LLC bought a new stake in shares of Talen Energy in the third quarter valued at about $11,234,000. Finally, Monarch Alternative Capital LP bought a new stake in shares of Talen Energy in the third quarter valued at about $258,448,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the sale, the insider now directly owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TLN shares. Daiwa Capital Markets assumed coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price objective for the company. Barclays increased their target price on shares of Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Oppenheimer increased their price target on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. 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. Finally, Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $247.10.

Talen Energy Trading Down 7.5 %

NASDAQ TLN opened at $218.80 on Friday. The firm has a market capitalization of $11.13 billion, a P/E ratio of 11.71, a PEG ratio of 2.83 and a beta of 1.70. The business has a fifty day simple moving average of $222.20 and a 200 day simple moving average of $175.84. Talen Energy Corporation has a 12 month low of $67.55 and a 12 month high of $258.03. 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 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.