Sanctuary Advisors LLC Purchases 3,477 Shares of Talen Energy Corporation $TLN

Sanctuary Advisors LLC boosted its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 116.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,454 shares of the utilities provider’s stock after acquiring an additional 3,477 shares during the quarter. Sanctuary Advisors LLC’s holdings in Talen Energy were worth $2,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLN. Amundi bought a new stake in Talen Energy during the first quarter worth $299,000. AQR Capital Management LLC bought a new stake in Talen Energy during the first quarter worth $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Talen Energy by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after acquiring an additional 761 shares in the last quarter. NewEdge Advisors LLC raised its position in Talen Energy by 17,400.0% during the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Talen Energy by 15.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after acquiring an additional 6,498 shares in the last quarter. 0.38% of the stock is owned by institutional investors.

Talen Energy Price Performance

NASDAQ:TLN opened at $372.16 on Friday. Talen Energy Corporation has a one year low of $216.20 and a one year high of $451.28. The company has a market cap of $16.90 billion, a P/E ratio of -75.34, a P/E/G ratio of 0.53 and a beta of 1.90. The firm’s fifty day moving average price is $339.39 and its two-hundred day moving average price is $363.03. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02.

Analyst Upgrades and Downgrades

TLN has been the topic of several research reports. Barclays decreased their price objective on shares of Talen Energy from $425.00 to $408.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. BNP Paribas Exane initiated coverage on shares of Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective on the stock. Morgan Stanley set a $498.00 price objective on shares of Talen Energy in a report on Friday. Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $450.67.

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).