2,373 Shares in Talen Energy Corporation $TLN Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,373 shares of the utilities provider’s stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Amundi bought a new position in shares of Talen Energy in the first quarter valued at about $299,000. AQR Capital Management LLC bought a new stake in shares of Talen Energy during the 1st quarter worth about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Talen Energy by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after acquiring an additional 761 shares during the period. NewEdge Advisors LLC lifted its position in Talen Energy by 17,400.0% during the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Talen Energy by 15.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after acquiring an additional 6,498 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the sale, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This represents a 49.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.78% of the company’s stock.

Talen Energy Price Performance

Talen Energy stock opened at $379.27 on Friday. The stock’s fifty day moving average price is $378.72 and its two-hundred day moving average price is $361.83. Talen Energy Corporation has a one year low of $301.45 and a one year high of $451.28. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The firm has a market cap of $18.17 billion, a PE ratio of -566.07 and a beta of 1.82.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TLN. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wells Fargo & Company lifted their price target on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group began coverage on Talen Energy in a research note on Thursday, June 18th. They issued a “buy” rating and a $499.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. Finally, Scotiabank boosted their target price on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and an average price target of $472.50.

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).