Catalyst Capital Advisors LLC Makes New Investment in Talen Energy Corporation $TLN

Catalyst Capital Advisors LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,085 shares of the utilities provider’s stock, valued at approximately $985,000.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Talen Energy by 1,526.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock valued at $9,766,000 after acquiring an additional 24,452 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Talen Energy by 11.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 45,250 shares of the utilities provider’s stock valued at $16,962,000 after acquiring an additional 4,770 shares during the period. Oppenheimer & Co. Inc. boosted its position in Talen Energy by 400.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 14,105 shares of the utilities provider’s stock worth $5,287,000 after purchasing an additional 11,287 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Talen Energy by 116.8% during the 4th quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider’s stock valued at $2,419,000 after purchasing an additional 3,477 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Talen Energy by 16.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 35,254 shares of the utilities provider’s stock valued at $13,215,000 after purchasing an additional 4,885 shares during the period. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Up 1.1%

Talen Energy stock opened at $372.37 on Friday. The stock has a market cap of $17.84 billion, a P/E ratio of -555.77 and a beta of 1.82. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. Talen Energy Corporation has a 1 year low of $300.00 and a 1 year high of $451.28. The firm’s 50 day moving average price is $378.30 and its 200-day moving average price is $362.26.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Jefferies Financial Group lowered shares of Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 target price for the company. in a research report on Tuesday, June 23rd. The Goldman Sachs Group assumed coverage on shares of Talen Energy in a report on Thursday, June 18th. They set a “buy” rating and a $499.00 target price for the company. Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $475.08.

Insider Transactions at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director owned 2,606 shares of the company’s stock, valued at $990,280. This represents a 49.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.78% of the company’s stock.

About Talen Energy

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).