SG Americas Securities LLC Purchases 7,901 Shares of Talen Energy Corporation $TLN

SG Americas Securities LLC raised its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 356.4% during the first quarter, HoldingsChannel.com reports. The firm owned 10,118 shares of the utilities provider’s stock after acquiring an additional 7,901 shares during the quarter. SG Americas Securities LLC’s holdings in Talen Energy were worth $3,230,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TLN. Allegheny Financial Group raised its stake in shares of Talen Energy by 24.8% during the first quarter. Allegheny Financial Group now owns 1,131 shares of the utilities provider’s stock worth $361,000 after buying an additional 225 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Talen Energy by 1.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 46,075 shares of the utilities provider’s stock valued at $14,709,000 after acquiring an additional 825 shares during the last quarter. Polianta Ltd acquired a new stake in Talen Energy during the 1st quarter worth $1,468,000. Purpose Unlimited Inc. acquired a new stake in Talen Energy during the 4th quarter worth $7,598,000. Finally, Hsbc Holdings PLC raised its position in shares of Talen Energy by 2,452.5% during the 4th quarter. Hsbc Holdings PLC now owns 24,249 shares of the utilities provider’s stock valued at $9,192,000 after acquiring an additional 23,299 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

Insider Activity at Talen Energy

In related news, Director Gizman I. Abbas sold 2,600 shares of the firm’s 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 sale, the director owned 2,606 shares of the company’s stock, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.78% of the stock is currently owned by corporate insiders.

Talen Energy Trading Down 3.8%

Shares of NASDAQ TLN opened at $384.26 on Wednesday. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of -573.51 and a beta of 1.80. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The company’s fifty day moving average is $375.20 and its 200-day moving average is $361.57.

Wall Street Analyst Weigh In

TLN has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. 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. Barclays upped their price objective on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group lowered Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 target price for the company. in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $458.77.

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).