Louisiana State Employees Retirement System Purchases Shares of 13,200 Talen Energy Corporation $TLN

Louisiana State Employees Retirement System acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,200 shares of the utilities provider’s stock, valued at approximately $4,214,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new position in shares of Talen Energy in the 4th quarter worth $27,000. Neo Ivy Capital Management purchased a new stake in Talen Energy during the third quarter valued at about $34,000. Advisory Services Network LLC acquired a new stake in Talen Energy during the third quarter worth about $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after buying an additional 90 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Talen Energy in the 4th quarter valued at $39,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.78% of the company’s stock.

Talen Energy Price Performance

TLN stock opened at $404.09 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. Talen Energy Corporation has a 52-week low of $255.50 and a 52-week high of $451.28. The stock’s 50 day moving average is $374.08 and its two-hundred day moving average is $360.97. The company has a market capitalization of $19.35 billion, a PE ratio of -603.11 and a beta of 1.80.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TLN. Barclays raised their target price on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Raymond James Financial restated an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. dropped their price target on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Finally, Jefferies Financial Group lowered shares of Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 price objective on the stock. in a report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $458.77.

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).