Himension Capital Singapore PTE. LTD. Buys Shares of 1,641 Talen Energy Corporation $TLN

Himension Capital Singapore PTE. LTD. purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,641 shares of the utilities provider’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 acquiring an additional 24,452 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Talen Energy by 11.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 45,250 shares of the utilities provider’s stock valued at $16,962,000 after purchasing an additional 4,770 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Talen Energy by 400.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 14,105 shares of the utilities provider’s stock valued at $5,287,000 after purchasing an additional 11,287 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Talen Energy by 116.8% during the 4th quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider’s stock worth $2,419,000 after purchasing an additional 3,477 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Talen Energy during the 4th quarter worth $50,324,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $366.14 on Wednesday. The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of -546.47 and a beta of 1.82. 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 business has a 50-day moving average of $377.66 and a 200 day moving average of $361.94. Talen Energy Corporation has a 12 month low of $300.00 and a 12 month high of $451.28.

Insider Activity

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 value of $988,000.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TLN. Raymond James Financial restated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Scotiabank lifted their price target on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Wells Fargo & Company boosted their price target on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group began coverage on shares of Talen Energy in a report on Thursday, June 18th. They issued a “buy” rating and a $499.00 price objective on the stock. Finally, Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $472.50.

About Talen Energy

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).