Pinkerton Wealth LLC Invests $1.13 Million in Talen Energy Corporation $TLN

Pinkerton Wealth LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,644 shares of the utilities provider’s stock, valued at approximately $1,125,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TLN. Amundi bought a new position in Talen Energy in the first quarter worth about $299,000. AQR Capital Management LLC bought a new stake in Talen Energy during the 1st quarter valued at approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Talen Energy by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after acquiring an additional 761 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Talen Energy by 17,400.0% during the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 870 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Talen Energy by 15.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after acquiring an additional 6,498 shares during the period. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $335.11 on Tuesday. The company has a 50 day simple moving average of $365.32 and a two-hundred day simple moving average of $382.13. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of -67.84, a P/E/G ratio of 0.47 and a beta of 1.94. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28.

Analyst Upgrades and Downgrades

TLN has been the subject of a number of research analyst reports. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Morgan Stanley set a $474.00 price target on Talen Energy in a research note on Friday, February 20th. Wells Fargo & Company increased their price objective on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, Barclays lowered their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.09.

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).