Pinkerton Wealth LLC Makes New $1.13 Million Investment in Talen Energy Corporation $TLN

Pinkerton Wealth LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, HoldingsChannel.com reports. The fund bought 2,644 shares of the utilities provider’s stock, valued at approximately $1,125,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MAI Capital Management boosted its stake in Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 59 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Talen Energy by 8.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 59 shares in the last quarter. Main Management ETF Advisors LLC raised its holdings in Talen Energy by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock worth $1,066,000 after buying an additional 60 shares during the last quarter. Wedbush Securities Inc. raised its holdings in Talen Energy by 4.8% in the second quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock worth $401,000 after buying an additional 63 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after buying an additional 64 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $335.11 on Tuesday. The firm’s 50-day moving average price is $365.32 and its 200-day moving average price is $382.13. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The company has a market cap of $15.31 billion, a PE ratio of -67.84, a PEG ratio of 0.47 and a beta of 1.94. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20.

Analyst Ratings Changes

TLN has been the topic of a number of recent analyst reports. Morgan Stanley set a $474.00 price target on shares of Talen Energy in a report on Friday, February 20th. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Wells Fargo & Company increased their target price on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Barclays reduced their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $430.09.

Talen Energy 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).