Axxcess Wealth Management LLC Buys 2,411 Shares of Talen Energy Corporation $TLN

Axxcess Wealth Management LLC increased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 56.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,705 shares of the utilities provider’s stock after buying an additional 2,411 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Talen Energy were worth $2,852,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Grove Bank & Trust acquired a new stake in shares of Talen Energy in the 3rd quarter valued at $32,000. Assetmark Inc. lifted its holdings in Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Talen Energy in the second quarter valued at about $27,000. MAI Capital Management grew its stake in Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after buying an additional 59 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in shares of Talen Energy by 396.2% during the third quarter. AdvisorNet Financial Inc now owns 129 shares of the utilities provider’s stock worth $55,000 after buying an additional 103 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Trading Down 0.1%

NASDAQ TLN opened at $380.06 on Friday. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The stock has a 50-day simple moving average of $368.50 and a 200 day simple moving average of $383.47. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $17.36 billion, a PE ratio of 82.26, a P/E/G ratio of 0.57 and a beta of 1.98.

Analyst Upgrades and Downgrades

TLN has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Barclays reduced their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating and set a $473.00 target price on shares of Talen Energy in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and a consensus price target of $410.83.

Talen Energy Company Profile

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).