SG Americas Securities LLC Has $3.23 Million Position in Talen Energy Corporation $TLN

SG Americas Securities LLC raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 356.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,118 shares of the utilities provider’s stock after acquiring an additional 7,901 shares during the quarter. SG Americas Securities LLC’s holdings in Talen Energy were worth $3,230,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Talen Energy in the 4th quarter worth about $27,000. Neo Ivy Capital Management acquired a new position in Talen Energy in the third quarter valued at about $34,000. Advisory Services Network LLC bought a new stake in Talen Energy during the third quarter worth about $35,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after buying an additional 90 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Talen Energy during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

TLN opened at $384.26 on Wednesday. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The stock has a market capitalization of $18.41 billion, a P/E ratio of -573.51 and a beta of 1.80. The company’s 50 day simple moving average is $375.20 and its 200-day simple moving average is $361.57. Talen Energy Corporation has a one year low of $255.50 and a one year high of $451.28.

Insider Transactions at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TLN shares. The Goldman Sachs Group started coverage on shares of Talen Energy in a research note on Thursday, June 18th. They issued a “buy” rating and a $499.00 target price for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th. Morgan Stanley reiterated an “overweight” rating and issued a $508.00 price objective on shares of Talen Energy in a research report on Wednesday, June 24th. Wells Fargo & Company boosted their price objective on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $458.77.

Talen Energy Company 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).