Ameritas Investment Partners Inc. Takes Position in Talen Energy Corporation $TLN

Ameritas Investment Partners Inc. bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,564 shares of the utilities provider’s stock, valued at approximately $3,643,000.

Several other hedge funds have also added to or reduced their stakes in the company. MAI Capital Management increased its position in Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 59 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Talen Energy by 8.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 59 shares during the last quarter. Main Management ETF Advisors LLC grew its position in shares of Talen Energy by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock worth $1,066,000 after buying an additional 60 shares during the period. Wedbush Securities Inc. raised its stake in shares of Talen Energy by 4.8% during the second quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock worth $401,000 after buying an additional 63 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after buying an additional 64 shares during the period. Institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TLN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, January 21st. Morgan Stanley set a $474.00 price target on Talen Energy in a research report on Friday. Wells Fargo & Company lifted their price objective on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Barclays cut their target price 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. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $410.92.

Talen Energy Price Performance

TLN stock opened at $382.25 on Monday. The stock has a 50-day moving average price of $369.01 and a two-hundred day moving average price of $383.44. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The stock has a market cap of $17.47 billion, a PE ratio of 82.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.99. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02.

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).