3,164 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,164 shares of the utilities provider's stock, valued at approximately $637,000.

Other institutional investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. raised its holdings in shares of Talen Energy by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock worth $254,000 after buying an additional 61 shares during the period. Allworth Financial LP grew its position in Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Talen Energy in the 4th quarter valued at $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy in the fourth quarter worth $39,000. Finally, Empowered Funds LLC bought a new stake in shares of Talen Energy during the fourth quarter worth $42,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Shares of TLN stock opened at $223.34 on Friday. The stock's 50-day moving average is $200.65 and its 200 day moving average is $206.61. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The company has a market cap of $10.16 billion, a P/E ratio of 11.96, a PEG ratio of 2.70 and a beta of 1.93.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TLN. Barclays reduced their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Evercore ISI assumed coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a report on Wednesday, March 5th. Bank of America started coverage on Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $240.18.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.

Want to see what other hedge funds are holding TLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talen Energy Corporation (NASDAQ:TLN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.