Peak Planning Group LLC Takes Position in Talen Energy Corporation $TLN

Peak Planning Group LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,398 shares of the utilities provider’s stock, valued at approximately $899,000.

Several other large investors have also recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in shares of Talen Energy by 40.2% during the 4th quarter. Wells Fargo & Company MN now owns 28,365 shares of the utilities provider’s stock valued at $10,632,000 after purchasing an additional 8,136 shares during the last quarter. Beck Capital Management LLC increased its position in shares of Talen Energy by 5.3% during the 4th quarter. Beck Capital Management LLC now owns 9,854 shares of the utilities provider’s stock valued at $3,694,000 after purchasing an additional 495 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Talen Energy by 26.7% during the 4th quarter. Quadrant Capital Group LLC now owns 346 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 73 shares during the last quarter. Castleark Management LLC increased its position in shares of Talen Energy by 8.9% during the 4th quarter. Castleark Management LLC now owns 8,070 shares of the utilities provider’s stock valued at $3,025,000 after purchasing an additional 660 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Talen Energy by 54.5% during the 4th quarter. Advisors Asset Management Inc. now owns 12,256 shares of the utilities provider’s stock valued at $4,594,000 after purchasing an additional 4,323 shares during the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their target price on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Barclays lifted their price objective on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Finally, BNP Paribas Exane initiated coverage on Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $448.58.

Talen Energy Trading Up 4.6%

Shares of 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. Talen Energy Corporation has a fifty-two week low of $255.50 and a fifty-two week high of $451.28. The firm has a market cap of $16.37 billion, a P/E ratio of -538.11 and a beta of 1.80. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25.

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).