Public Sector Pension Investment Board Takes $29.78 Million Position in Talen Energy Corporation $TLN

Public Sector Pension Investment Board purchased a new position in Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 70,000 shares of the utilities provider’s stock, valued at approximately $29,777,000. Public Sector Pension Investment Board owned approximately 0.15% of Talen Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TLN. MAI Capital Management grew its stake in shares of Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 59 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Talen Energy by 8.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock valued at $335,000 after buying an additional 59 shares in the last quarter. Main Management ETF Advisors LLC boosted its stake in Talen Energy by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock valued at $1,066,000 after buying an additional 60 shares in the last quarter. Wedbush Securities Inc. grew its position in Talen Energy by 4.8% in the second quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock valued at $401,000 after acquiring an additional 63 shares during the period. Finally, Grove Bank & Trust acquired a new position in Talen Energy during the third quarter worth $32,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Up 2.4%

TLN opened at $376.70 on Friday. Talen Energy Corporation has a 1-year low of $158.08 and a 1-year high of $451.28. The stock has a market capitalization of $17.21 billion, a PE ratio of 81.54, a PEG ratio of 0.55 and a beta of 1.98. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The firm has a 50-day moving average price of $366.57 and a two-hundred day moving average price of $383.22.

Analyst Upgrades and Downgrades

TLN has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of 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 report on Wednesday, January 21st. Barclays reduced their price target on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Talen Energy from $443.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $410.58.

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).