O Neil Global Advisors Inc. Makes New Investment in Talen Energy Corporation $TLN

O Neil Global Advisors Inc. acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,016 shares of the utilities provider’s stock, valued at approximately $858,000.

Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust purchased a new position in shares of Talen Energy in the 3rd quarter valued at approximately $32,000. Assetmark Inc. grew its position in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after buying an additional 64 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Talen Energy in the 2nd quarter worth about $27,000. MAI Capital Management raised its stake in shares of Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after buying an additional 59 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in Talen Energy by 396.2% during the third quarter. AdvisorNet Financial Inc now owns 129 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 103 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TLN. Morgan Stanley set a $474.00 price objective on Talen Energy in a report on Friday. Barclays lowered their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company boosted their price objective on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $410.92.

Talen Energy Stock Performance

NASDAQ:TLN opened at $382.25 on Monday. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. The firm’s fifty day moving average price is $369.01 and its 200 day moving average price is $383.44. Talen Energy Corporation has a 1-year low of $158.08 and a 1-year high of $451.28. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 82.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.99.

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).