6,879 Shares in Talen Energy Corporation $TLN Acquired by First Financial Bankshares Inc

First Financial Bankshares Inc acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,879 shares of the utilities provider’s stock, valued at approximately $2,926,000.

A number of other large investors have also bought and sold shares of TLN. Atlantic Union Bankshares Corp purchased a new position in shares of Talen Energy during the 2nd quarter valued at $27,000. MAI Capital Management raised its stake in 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 acquiring an additional 59 shares during the period. Grove Bank & Trust purchased a new stake in Talen Energy during the third quarter valued at about $32,000. Assetmark Inc. lifted its holdings in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Talen Energy by 5,100.0% during the second quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 153 shares during the period. 0.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TLN has been the topic of several research reports. Morgan Stanley set a $474.00 price target on shares of Talen Energy in a research report on Friday. 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 report on Tuesday, January 20th. Barclays dropped their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, January 21st. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $410.92.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $367.84 on Tuesday. The stock’s 50-day simple moving average is $369.21 and its two-hundred day simple moving average is $383.38. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The firm has a market capitalization of $16.81 billion, a P/E ratio of 79.62, a P/E/G ratio of 0.57 and a beta of 1.99. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02.

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).