Pacer Advisors Inc. Acquires 2,168 Shares of Talen Energy Corporation $TLN

Pacer Advisors Inc. raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 35.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,238 shares of the utilities provider’s stock after buying an additional 2,168 shares during the period. Pacer Advisors Inc.’s holdings in Talen Energy were worth $3,088,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLN. Daiwa Securities Group Inc. grew its holdings in shares of Talen Energy by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 36 shares in the last quarter. Compound Planning Inc. raised its holdings in Talen Energy by 4.7% during the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after acquiring an additional 38 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after purchasing an additional 39 shares during the last quarter. Berbice Capital Management LLC grew its stake in Talen Energy by 19.1% in the fourth quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 45 shares in the last quarter. Finally, Red Door Wealth Management LLC grew its stake in Talen Energy by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock valued at $821,000 after purchasing an additional 47 shares in the last quarter. 0.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TLN has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on Talen Energy in a research report on Thursday, June 18th. They set a “buy” rating and a $499.00 price target on the stock. BNP Paribas Exane started coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price for the company. Jefferies Financial Group downgraded shares of Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 target price on the stock. in a report on Tuesday. Wells Fargo & Company upped their price target on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $458.08.

Insider Activity at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the company’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 value of $988,000.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.78% of the company’s stock.

Talen Energy Stock Down 6.0%

Talen Energy stock opened at $411.92 on Wednesday. The company’s 50-day moving average price is $370.05 and its two-hundred day moving average price is $359.96. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The stock has a market cap of $18.70 billion, a P/E ratio of -614.80 and a beta of 1.81. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28.

About Talen Energy

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).