Himension Capital Singapore PTE. LTD. Buys New Shares in Talen Energy Corporation $TLN

Himension Capital Singapore PTE. LTD. purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 1st quarter, HoldingsChannel reports. The firm purchased 1,641 shares of the utilities provider’s stock, valued at approximately $524,000.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Talen Energy by 1,526.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock worth $9,766,000 after buying an additional 24,452 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Talen Energy by 11.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 45,250 shares of the utilities provider’s stock valued at $16,962,000 after acquiring an additional 4,770 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Talen Energy by 400.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 14,105 shares of the utilities provider’s stock worth $5,287,000 after acquiring an additional 11,287 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Talen Energy by 116.8% in the fourth quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider’s stock worth $2,419,000 after acquiring an additional 3,477 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Talen Energy by 16.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 35,254 shares of the utilities provider’s stock worth $13,215,000 after acquiring an additional 4,885 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and set a $508.00 target price on shares of Talen Energy in a research note on Wednesday, June 24th. Raymond James Financial reissued an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Jefferies Financial Group cut their price target on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Scotiabank lifted their price target on Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Talen Energy has an average rating of “Moderate Buy” and a consensus price target of $472.50.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $366.14 on Wednesday. The company’s fifty day moving average price is $377.66 and its 200 day moving average price is $361.94. Talen Energy Corporation has a 12 month low of $300.00 and a 12 month high of $451.28. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The firm has a market capitalization of $17.54 billion, a P/E ratio of -546.47 and a beta of 1.82.

Insider Activity

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.78% of the company’s stock.

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).