LPL Financial LLC Acquires 16,476 Shares of Talen Energy Corporation (NASDAQ:TLN)

LPL Financial LLC boosted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 234.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,490 shares of the utilities provider’s stock after buying an additional 16,476 shares during the quarter. LPL Financial LLC’s holdings in Talen Energy were worth $4,733,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TLN. BNP Paribas Financial Markets bought a new stake in Talen Energy during the 3rd quarter valued at approximately $36,000. Allworth Financial LP boosted its position in shares of 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 acquiring an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Talen Energy in the fourth quarter worth $37,000. Geneos Wealth Management Inc. bought a new position in Talen Energy during the fourth quarter worth $39,000. Finally, Empowered Funds LLC acquired a new position in Talen Energy during the 4th quarter valued at $42,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $203.41 on Thursday. The business has a fifty day moving average of $210.47 and a 200-day moving average of $196.03. The firm has a market cap of $9.26 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03.

Wall Street Analyst Weigh In

TLN has been the topic of several research analyst reports. Evercore ISI assumed coverage on shares of Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating on the stock. Barclays decreased 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. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. UBS Group upped their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus 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.