Oak Thistle LLC Buys New Holdings in Talen Energy Corporation $TLN

Oak Thistle LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,954 shares of the utilities provider’s stock, valued at approximately $732,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Amundi acquired a new position in shares of Talen Energy in the 1st quarter valued at $299,000. AQR Capital Management LLC bought a new stake in Talen Energy in the first quarter valued at about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Talen Energy by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after purchasing an additional 761 shares in the last quarter. NewEdge Advisors LLC lifted its stake 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 purchasing an additional 870 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 purchasing an additional 6,498 shares during the period. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Up 2.7%

Shares of TLN opened at $321.33 on Friday. The company has a market capitalization of $14.59 billion, a P/E ratio of -65.05, a PEG ratio of 0.44 and a beta of 2.15. Talen Energy Corporation has a one year low of $186.49 and a one year high of $451.28. The business’s 50 day simple moving average is $340.83 and its 200-day simple moving average is $370.75. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Barclays decreased their price target 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. Wells Fargo & Company increased 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. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 27th. Finally, Morgan Stanley set a $474.00 target price on shares of Talen Energy in a research note on Friday, February 20th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $438.17.

About Talen Energy

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).