Crossmark Global Holdings Inc. Invests $1.06 Million in Talen Energy Corporation $TLN

Crossmark Global Holdings Inc. acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 2,479 shares of the utilities provider’s stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. Atlantic Union Bankshares Corp purchased a new stake in Talen Energy in the 2nd quarter worth approximately $27,000. MAI Capital Management grew its position 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 valued at $32,000 after purchasing an additional 59 shares in the last quarter. Grove Bank & Trust purchased a new position in shares of Talen Energy during the 3rd quarter valued at $32,000. Assetmark Inc. increased its holdings in shares of Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Optiver Holding B.V. purchased a new stake in shares of Talen Energy in the third quarter worth $48,000. Institutional investors own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley set a $474.00 price objective on Talen Energy in a research note on Friday, February 20th. Wells Fargo & Company raised their price target on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Barclays dropped their price target 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. Finally, Weiss Ratings cut shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of “Moderate Buy” and an average target price of $430.09.

Talen Energy Stock Up 4.5%

TLN opened at $335.11 on Tuesday. The business’s fifty day simple moving average is $365.32 and its 200 day simple moving average is $382.13. 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. The stock has a market cap of $15.31 billion, a PE ratio of -67.84, a P/E/G ratio of 0.47 and a beta of 1.94.

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).