4,600 Shares in Talen Energy Corporation $TLN Acquired by Polianta Ltd

Polianta Ltd acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,600 shares of the utilities provider’s stock, valued at approximately $1,468,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Talen Energy by 88.2% in the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after buying an additional 627,467 shares during the last quarter. Norges Bank acquired a new position in shares of Talen Energy during the 4th quarter valued at about $225,930,000. Invesco Ltd. raised its stake in shares of Talen Energy by 77.5% in the 3rd quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock valued at $452,189,000 after acquiring an additional 464,014 shares in the last quarter. Sachem Head Capital Management LP raised its stake in shares of Talen Energy by 72.4% in the 4th quarter. Sachem Head Capital Management LP now owns 1,000,000 shares of the utilities provider’s stock valued at $374,840,000 after acquiring an additional 420,000 shares in the last quarter. Finally, Deltroit Asset Management UK LLP acquired a new stake in Talen Energy in the 4th quarter worth approximately $103,081,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TLN shares. Morgan Stanley reaffirmed an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a research report on Thursday, May 21st. The Goldman Sachs Group started coverage on shares of Talen Energy in a research report on Thursday. They issued a “buy” rating and a $499.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane assumed coverage on shares of Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $452.46.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $436.29 on Friday. The business has a 50 day moving average price of $365.73 and a 200 day moving average price of $359.29. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The company has a market cap of $19.81 billion, a price-to-earnings ratio of -651.17 and a beta of 1.80. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

Insider Buying and Selling

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the transaction, the director directly owned 2,606 shares of the company’s stock, valued at $990,280. The trade was a 49.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.

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).