Wedbush Securities Inc. Acquires 61 Shares of Talen Energy Corporation (NASDAQ:TLN)

Wedbush Securities Inc. boosted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,261 shares of the utilities provider’s stock after purchasing an additional 61 shares during the quarter. Wedbush Securities Inc.’s holdings in Talen Energy were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 116 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $39,000. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the 3rd quarter worth approximately $36,000. Finally, Empowered Funds LLC bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $42,000. Institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TLN. Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Barclays dropped their target price on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Evercore ISI started coverage on Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating for the company. Finally, Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy currently has an average rating of “Buy” and a consensus target price of $241.09.

Talen Energy Trading Up 11.4 %

TLN stock opened at $203.41 on Thursday. The business has a fifty day moving average price of $210.47 and a 200 day moving average price of $196.03. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 2.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.