McLaughlin Asset Management Inc. Makes New Investment in Talen Energy Corporation $TLN

McLaughlin Asset Management Inc. bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,402 shares of the utilities provider’s stock, valued at approximately $900,000.

Other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its stake in shares of Talen Energy by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 36 shares in the last quarter. Compound Planning Inc. boosted its position in Talen Energy by 4.7% during the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 38 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Talen Energy by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after purchasing an additional 39 shares during the period. Berbice Capital Management LLC increased its position in shares of Talen Energy by 19.1% in the fourth quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock valued at $105,000 after buying an additional 45 shares in the last quarter. Finally, Red Door Wealth Management LLC increased its position in shares of Talen Energy by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock valued at $821,000 after buying an additional 47 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TLN has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Wells Fargo & Company boosted their price target on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. BNP Paribas Exane began coverage on shares of Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective on the stock. Finally, Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $452.46.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction on Monday, June 15th. The shares were 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 $990,280. The trade was a 49.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.78% of the company’s stock.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $436.29 on Friday. 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 1 year low of $255.50 and a 1 year high of $451.28. The firm has a market capitalization of $19.81 billion, a PE ratio of -651.17 and a beta of 1.80. The business’s 50 day moving average price is $363.58 and its 200-day moving average price is $358.75.

Talen Energy Company 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).