Talen Energy Corporation $TLN Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA raised its holdings in Talen Energy Corporation (NASDAQ:TLNFree Report) by 93.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Talen Energy during the fourth quarter worth $27,000. Neo Ivy Capital Management purchased a new position in Talen Energy in the third quarter valued at $34,000. Advisory Services Network LLC purchased a new position in Talen Energy in the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. grew its stake in Talen Energy by 1,500.0% during the 4th 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Talen Energy during the 4th quarter worth $39,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

TLN has been the topic of several recent research reports. Barclays upped their price target on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Raymond James Financial reissued an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. JPMorgan Chase & Co. decreased their price target on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Wells Fargo & Company boosted their price target 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. Finally, Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $458.77.

Read Our Latest Stock Report on Talen Energy

Insider Buying and Selling at Talen Energy

In related news, Director Gizman I. Abbas sold 2,600 shares of the business’s stock in a transaction that occurred 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 owned 2,606 shares in the company, valued at $990,280. The trade was a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.78% of the company’s stock.

Talen Energy Stock Down 3.0%

Shares of NASDAQ TLN opened at $404.09 on Friday. The business has a 50-day moving average of $374.08 and a two-hundred day moving average of $360.97. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of -603.11 and a beta of 1.80. Talen Energy Corporation has a 1 year low of $255.50 and a 1 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.

Talen Energy Profile

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for Talen Energy (NASDAQ:TLN)

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