Jefferies Financial Group Inc. Boosts Holdings in Talen Energy Corporation $TLN

Jefferies Financial Group Inc. boosted its position in Talen Energy Corporation (NASDAQ:TLN) by 6,605.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,842 shares of the utilities provider’s stock after buying an additional 74,711 shares during the period. Jefferies Financial Group Inc. owned approximately 0.17% of Talen Energy worth $28,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Talen Energy by 13.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 475 shares of the utilities provider’s stock valued at $178,000 after buying an additional 55 shares during the last quarter. Global Retirement Partners LLC grew its position in Talen Energy by 431.6% in the 4th quarter. Global Retirement Partners LLC now owns 2,222 shares of the utilities provider’s stock valued at $833,000 after buying an additional 1,804 shares during the last quarter. IFP Advisors Inc grew its position in Talen Energy by 28.9% in the 4th quarter. IFP Advisors Inc now owns 339 shares of the utilities provider’s stock valued at $127,000 after buying an additional 76 shares during the last quarter. Banque Cantonale Vaudoise grew its position in Talen Energy by 128.4% in the 4th quarter. Banque Cantonale Vaudoise now owns 450 shares of the utilities provider’s stock valued at $169,000 after buying an additional 253 shares during the last quarter. Finally, Jag Capital Management LLC grew its position in Talen Energy by 24.7% in the 4th quarter. Jag Capital Management LLC now owns 814 shares of the utilities provider’s stock valued at $305,000 after buying an additional 161 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Up 3.3%

TLN stock opened at $372.45 on Friday. The company has a market cap of $16.91 billion, a P/E ratio of -555.89 and a beta of 1.90. Talen Energy Corporation has a 52 week low of $237.35 and a 52 week high of $451.28. The company’s 50-day moving average price is $342.12 and its 200 day moving average price is $359.35. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. BNP Paribas Exane assumed coverage on shares of Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. Wells Fargo & Company lifted their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Barclays raised their target price on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Talen Energy currently has a consensus rating of “Moderate Buy” and an average target price of $448.58.

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).