Xponance Inc. Purchases 2,842 Shares of Talen Energy Corporation $TLN

Xponance Inc. increased its holdings in Talen Energy Corporation (NASDAQ:TLN) by 130.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,019 shares of the utilities provider’s stock after acquiring an additional 2,842 shares during the quarter. Xponance Inc.’s holdings in Talen Energy were worth $2,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. MAI Capital Management increased its position in shares of Talen Energy by 115.7% during the second 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. grew its holdings in Talen Energy by 8.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock worth $335,000 after acquiring an additional 59 shares during the period. Main Management ETF Advisors LLC increased its holdings in shares of Talen Energy by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock valued at $1,066,000 after purchasing an additional 60 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of 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 acquiring an additional 63 shares during the period. Finally, Assetmark Inc. boosted its position in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

Shares of TLN opened at $341.39 on Wednesday. The company has a 50-day simple moving average of $369.01 and a 200-day simple moving average of $383.09. The company has a market capitalization of $15.60 billion, a PE ratio of -69.11, a P/E/G ratio of 0.53 and a beta of 1.94. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TLN shares. Barclays lowered their target price on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Wells Fargo & Company increased their price target on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Morgan Stanley set a $474.00 target price on Talen Energy in a research report on Friday, February 20th. Finally, Weiss Ratings cut shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $410.92.

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).