29,150 Shares in Talen Energy Corporation $TLN Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 1st quarter, Holdings Channel reports. The fund acquired 29,150 shares of the utilities provider’s stock, valued at approximately $10,258,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. Flagship Harbor Advisors LLC bought a new stake in shares of Talen Energy during the 4th quarter worth $27,000. Advisory Services Network LLC bought a new position in Talen Energy in the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. raised its position in Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Talen Energy during the fourth quarter worth about $39,000. Finally, Rothschild Investment LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Up 0.4%

Shares of NASDAQ TLN traded up $1.36 during midday trading on Friday, reaching $385.80. The company had a trading volume of 458,843 shares, compared to its average volume of 950,612. The stock has a market cap of $18.48 billion, a PE ratio of -575.81 and a beta of 1.82. Talen Energy Corporation has a one year low of $255.50 and a one year high of $451.28. The firm’s fifty day moving average price is $378.50 and its 200-day moving average price is $361.96. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

Insider Buying and Selling

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the transaction, the director directly 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 Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TLN has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating and set a $508.00 price objective on shares of Talen Energy in a report on Wednesday, June 24th. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wells Fargo & Company boosted their price objective 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. BNP Paribas Exane started coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $470.75.

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).