Inceptionr LLC Makes New $955,000 Investment in Talen Energy Corporation $TLN

Inceptionr LLC purchased a new position in Talen Energy Corporation (NASDAQ:TLN – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,992 shares of the utilities provider’s stock, valued at approximately $955,000.

A number of other institutional investors also recently made changes to their positions in the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of Talen Energy during the fourth quarter valued at $27,000. Advisory Services Network LLC purchased a new stake in Talen Energy during the 3rd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. raised its stake in Talen Energy by 1,500.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Talen Energy in the 4th quarter valued at about $39,000. Finally, Bessemer Group Inc. lifted its holdings in Talen Energy by 404.0% in the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director owned 2,606 shares of the company’s stock, valued at $990,280. This represents a 49.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.78% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TLN shares. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a research note on Monday, April 27th. Morgan Stanley reissued an “overweight” rating and issued a $508.00 price objective on shares of Talen Energy in a research report on Wednesday, June 24th. Jefferies Financial Group reduced their price objective on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research note on Monday. 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. Finally, Barclays raised their target price on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $476.27.

Check Out Our Latest Analysis on Talen Energy

Talen Energy Stock Performance

NASDAQ TLN opened at $359.90 on Friday. The business’s 50-day moving average price is $379.23 and its 200 day moving average price is $361.82. 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 $301.45 and a twelve month high of $451.28. The company has a market capitalization of $17.24 billion, a PE ratio of -537.16 and a beta of 1.82.

About Talen Energy

(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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