Silicon Valley Capital Partners bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 6,210 shares of the utilities provider’s stock, valued at approximately $2,386,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management lifted its stake in shares of Talen Energy by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock worth $334,000 after acquiring an additional 36 shares during the period. Values First Advisors Inc. increased its stake in shares of Talen Energy by 4.7% during the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock valued at $312,000 after acquiring an additional 44 shares during the period. Red Door Wealth Management LLC raised its holdings in Talen Energy by 2.1% during the first quarter. Red Door Wealth Management LLC now owns 2,236 shares of the utilities provider’s stock worth $714,000 after purchasing an additional 45 shares in the last quarter. Compound Planning Inc. raised its holdings in Talen Energy by 5.7% during the first quarter. Compound Planning Inc. now owns 889 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 48 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in Talen Energy by 2.2% in the second quarter. Ancora Advisors LLC now owns 2,273 shares of the utilities provider’s stock worth $873,000 after purchasing an additional 50 shares during the period. 0.38% of the stock is currently owned by institutional investors.
Talen Energy Price Performance
Talen Energy stock traded up $7.67 during mid-day trading on Monday, hitting $299.97. The company’s stock had a trading volume of 686,582 shares, compared to its average volume of 820,496. The stock has a market capitalization of $14.37 billion, a P/E ratio of -71.94 and a beta of 1.84. Talen Energy Corporation has a twelve month low of $279.77 and a twelve month high of $451.28. The stock’s fifty day moving average price is $332.24 and its two-hundred day moving average price is $348.61. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TLN shares. New Street Research set a $405.00 price target on Talen Energy in a research note on Monday, August 24th. Zacks Research lowered Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Weiss Ratings cut Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Mizuho assumed coverage on Talen Energy in a report on Monday, August 24th. They set an “outperform” rating and a $405.00 target price on the stock. Finally, BNP Paribas Exane reiterated an “outperform” rating and issued a $560.00 price target on shares of Talen Energy in a research report on Wednesday, August 19th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $460.08.
Get Our Latest Stock Analysis on Talen Energy
Talen Energy Profile
Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.
The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.
Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.
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