Peak Planning Group LLC Buys Shares of 2,398 Talen Energy Corporation $TLN

Peak Planning Group LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, Holdings Channel reports. The fund bought 2,398 shares of the utilities provider’s stock, valued at approximately $899,000.

Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in Talen Energy during the 4th quarter valued at about $27,000. Assetmark Inc. grew its holdings in Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Talen Energy during the 3rd quarter valued at about $34,000. Advisory Services Network LLC purchased a new position in Talen Energy during the 3rd quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TLN shares. BNP Paribas Exane started coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Wells Fargo & Company lifted their target price on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research report on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Stock Performance

NASDAQ:TLN opened at $360.54 on Friday. The business has a 50 day moving average of $356.99 and a 200 day moving average of $358.33. The company has a market capitalization of $16.37 billion, a price-to-earnings ratio of -538.11 and a beta of 1.80. Talen Energy Corporation has a 1-year low of $255.50 and a 1-year high of $451.28. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05.

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).