Talen Energy Corporation $TLN Stock Position Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 379.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 54,847 shares of the utilities provider’s stock after buying an additional 43,414 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Talen Energy were worth $17,509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new position in Talen Energy in the fourth quarter valued at approximately $27,000. Advisory Services Network LLC acquired a new stake in shares of Talen Energy during the 3rd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 worth $36,000 after purchasing an additional 90 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $39,000. Finally, Rothschild Investment LLC lifted its holdings in shares of Talen Energy by 235.0% in the 4th quarter. Rothschild Investment LLC now owns 134 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

Insider Activity

In other news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the transaction, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of recent research reports. BNP Paribas Exane began coverage on Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective for the company. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. The Goldman Sachs Group began coverage on shares of Talen Energy in a report on Thursday, June 18th. They set a “buy” rating and a $499.00 price target for the company. Morgan Stanley restated an “overweight” rating and set a $508.00 price target on shares of Talen Energy in a research report on Wednesday, June 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $470.75.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $385.80 on Monday. The stock has a market cap of $18.48 billion, a price-to-earnings ratio of -575.81 and a beta of 1.82. 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 Corporation has a 12 month low of $255.50 and a 12 month high of $451.28. The stock’s 50 day moving average price is $378.50 and its 200 day moving average price is $361.84.

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).