Ameritas Investment Partners Inc. Makes New $3.64 Million Investment in Talen Energy Corporation $TLN

Ameritas Investment Partners Inc. purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,564 shares of the utilities provider’s stock, valued at approximately $3,643,000.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in Talen Energy during the second quarter worth $168,188,000. State Street Corp grew its stake in Talen Energy by 151.0% in the 2nd quarter. State Street Corp now owns 711,231 shares of the utilities provider’s stock valued at $206,805,000 after buying an additional 427,910 shares during the last quarter. Third Point LLC grew its position in shares of Talen Energy by 34.2% in the second quarter. Third Point LLC now owns 785,000 shares of the utilities provider’s stock valued at $228,254,000 after purchasing an additional 200,000 shares during the last quarter. JPMorgan Chase & Co. increased its position in Talen Energy by 179.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 264,091 shares of the utilities provider’s stock worth $76,790,000 after buying an additional 169,734 shares during the period. Finally, Geode Capital Management LLC increased its position in Talen Energy by 26.1% during the second quarter. Geode Capital Management LLC now owns 794,754 shares of the utilities provider’s stock worth $231,150,000 after acquiring an additional 164,734 shares during the period. Institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Up 0.6%

Shares of Talen Energy stock opened at $382.25 on Monday. The firm has a market cap of $17.47 billion, a PE ratio of 82.74, a P/E/G ratio of 0.57 and a beta of 1.99. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. The stock has a fifty day moving average price of $369.01 and a 200-day moving average price of $383.44.

Analysts Set New Price Targets

A number of research analysts recently commented on TLN shares. Wells Fargo & Company boosted their price target on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, January 21st. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a research report on Friday. Finally, Barclays reduced their price target on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $410.92.

Talen Energy 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).