Mariner Investment Group LLC Invests $1.87 Million in Talen Energy Corporation $TLN

Mariner Investment Group LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,000 shares of the utilities provider’s stock, valued at approximately $1,874,000.

Several other large investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its position in shares of Talen Energy by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 36 shares during the period. Compound Planning Inc. lifted its stake in Talen Energy by 4.7% during the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 38 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after buying an additional 39 shares during the period. Berbice Capital Management LLC grew its stake in shares of Talen Energy by 19.1% in the fourth quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock valued at $105,000 after buying an additional 45 shares in the last quarter. Finally, Red Door Wealth Management LLC raised its holdings in shares of Talen Energy by 2.2% in the 4th quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock valued at $821,000 after buying an additional 47 shares during the period. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Talen Energy

In related 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 sale, the director owned 2,606 shares of the company’s stock, valued at $990,280. This trade represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.78% of the company’s stock.

Talen Energy Price Performance

TLN stock opened at $436.29 on Friday. The business’s 50-day moving average is $363.58 and its two-hundred day moving average is $358.75. 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 $19.81 billion, a P/E ratio of -651.17 and a beta of 1.80. Talen Energy Corporation has a 1 year low of $255.50 and a 1 year high of $451.28.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BNP Paribas Exane started coverage on Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Talen Energy in a research note on Thursday. They set a “buy” rating and a $499.00 price target on the stock. Morgan Stanley reissued an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research report on Thursday, May 21st. JPMorgan Chase & Co. lowered their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, Wells Fargo & Company upped their target price on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Talen Energy has an average rating of “Moderate Buy” and an average target price of $452.46.

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).