Pacer Advisors Inc. Has $3.09 Million Stock Position in Talen Energy Corporation $TLN

Pacer Advisors Inc. grew its holdings in Talen Energy Corporation (NASDAQ:TLNFree Report) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,238 shares of the utilities provider’s stock after acquiring an additional 2,168 shares during the quarter. Pacer Advisors Inc.’s holdings in Talen Energy were worth $3,088,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its position in Talen Energy by 88.2% during the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after acquiring an additional 627,467 shares during the period. Norges Bank bought a new stake in Talen Energy in the 4th quarter valued at about $225,930,000. Invesco Ltd. boosted its holdings in 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 purchasing an additional 464,014 shares during the period. Sachem Head Capital Management LP grew its position in shares of Talen Energy by 72.4% during the 4th quarter. Sachem Head Capital Management LP now owns 1,000,000 shares of the utilities provider’s stock worth $374,840,000 after purchasing an additional 420,000 shares in the last quarter. Finally, Deltroit Asset Management UK LLP bought a new position in shares of Talen Energy during the fourth quarter worth approximately $103,081,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TLN. 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. Barclays increased their price target on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Jefferies Financial Group lowered Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 price objective on the stock. in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Finally, Wells Fargo & Company lifted their price objective on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $458.08.

Read Our Latest Analysis on Talen Energy

Insider Activity at Talen Energy

In other 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 completion of the transaction, the director owned 2,606 shares of the company’s stock, valued at approximately $990,280. This represents a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.78% of the company’s stock.

Talen Energy Stock Performance

NASDAQ:TLN opened at $411.92 on Wednesday. The stock’s 50-day simple moving average is $370.05 and its 200 day simple moving average is $359.96. The firm has a market capitalization of $18.70 billion, a PE ratio of -614.80 and a beta of 1.81. The company has a quick ratio of 1.05, a current ratio of 1.25 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.

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).

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

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