32,673 Shares in Talen Energy Corporation $TLN Bought by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 32,673 shares of the utilities provider’s stock, valued at approximately $10,430,000. Talen Energy comprises approximately 1.9% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 29th largest holding. North Point Portfolio Managers Corp OH owned about 0.07% of Talen Energy as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Talen Energy during the fourth quarter worth about $27,000. Neo Ivy Capital Management acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $34,000. Advisory Services Network LLC acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Talen Energy by 1,500.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 90 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Talen Energy during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TLN shares. Morgan Stanley reiterated an “overweight” rating and issued a $508.00 price objective on shares of Talen Energy in a research note on Wednesday, June 24th. The Goldman Sachs Group began coverage on shares of Talen Energy in a research report on Thursday, June 18th. They set a “buy” rating and a $499.00 target price on the stock. BNP Paribas Exane assumed coverage on shares of Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target for the company. Jefferies Financial Group cut shares of Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 price target for the company. in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Talen Energy presently has a consensus rating of “Moderate Buy” and an average target price of $458.77.

Talen Energy Trading Down 3.8%

Shares of TLN stock opened at $384.26 on Wednesday. The company has a market capitalization of $18.41 billion, a P/E ratio of -573.51 and a beta of 1.80. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32. The business’s 50 day moving average is $375.20 and its two-hundred day moving average is $361.57. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28.

Insider Buying and Selling at Talen Energy

In related news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction 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 transaction, the director directly owned 2,606 shares in the company, valued at $990,280. This trade represents a 49.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.

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).