Union Bancaire Privee UBP SA Raises Stock Position in Talen Energy Corporation $TLN

Union Bancaire Privee UBP SA grew its stake in Talen Energy Corporation (NASDAQ:TLN) by 93.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,583 shares of the utilities provider’s stock after buying an additional 8,491 shares during the period. Union Bancaire Privee UBP SA’s holdings in Talen Energy were worth $5,613,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new stake in Talen Energy in the fourth quarter valued at $27,000. Neo Ivy Capital Management acquired a new position in Talen Energy in the third quarter valued at $34,000. Advisory Services Network LLC purchased a new position in shares of Talen Energy during the third quarter worth about $35,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 90 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Talen Energy during the fourth quarter worth about $39,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TLN has been the subject of several research reports. Jefferies Financial Group downgraded Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 target price for the company. in a report on Tuesday. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. Barclays boosted their price objective on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. lowered their target price on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Finally, The Goldman Sachs Group initiated coverage on shares of Talen Energy in a research report on Thursday, June 18th. They set a “buy” rating and a $499.00 target price on the stock. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of “Moderate Buy” and an average price target of $458.77.

Talen Energy Price Performance

Shares of TLN opened at $404.09 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The firm has a market capitalization of $19.36 billion, a PE ratio of -603.11 and a beta of 1.80. The stock’s 50 day moving average is $374.08 and its two-hundred day moving average is $360.97.

Insiders Place Their Bets

In related news, Director Gizman I. Abbas sold 2,600 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the sale, the director directly owned 2,606 shares of the company’s stock, valued at approximately $990,280. This represents a 49.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.78% of the company’s stock.

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).