Sanctuary Advisors LLC Buys 3,477 Shares of Talen Energy Corporation $TLN

Key Points

• Sanctuary Advisors LLC raised its stake in Talen Energy by 116.8% in Q4, buying an additional 3,477 shares to hold 6,454 shares valued at about $2.42 million.
• Analysts are mostly bullish with a consensus "Moderate Buy" (12 Buys, 2 Holds, 1 Sell) and an average target of $450.67, though recent price targets vary widely (Wells Fargo $506, JPMorgan $421, Barclays $408) and Weiss Ratings downgraded the stock to a sell.
• Talen's stock trades around the mid-$300s (opened at $372.16), has a market cap of about $16.9 billion, a negative P/E (-75.34) and a high debt-to-equity ratio (6.20), with a 1-year range of $216.20–$451.28.

Sanctuary Advisors LLC raised its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 116.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,454 shares of the utilities provider's stock after buying an additional 3,477 shares during the quarter. Sanctuary Advisors LLC's holdings in Talen Energy were worth $2,419,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Red Door Wealth Management LLC lifted its stake in Talen Energy by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider's stock valued at $821,000 after buying an additional 47 shares in the last quarter. CWM LLC lifted its position in shares of Talen Energy by 3.5% in the fourth quarter. CWM LLC now owns 1,680 shares of the utilities provider's stock worth $630,000 after purchasing an additional 57 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Talen Energy by 8.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider's stock worth $335,000 after purchasing an additional 59 shares in the last quarter. Assetmark Inc. lifted its position 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 in the last quarter. Finally, Compound Planning Inc. lifted its position in shares of Talen Energy by 8.8% in the third quarter. Compound Planning Inc. now owns 803 shares of the utilities provider's stock worth $342,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

NASDAQ TLN opened at $372.16 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. The firm's fifty day moving average price is $339.39 and its two-hundred day moving average price is $363.03. Talen Energy Corporation has a 1 year low of $216.20 and a 1 year high of $451.28. The firm has a market capitalization of $16.90 billion, a P/E ratio of -75.34, a price-to-earnings-growth ratio of 0.53 and a beta of 1.90.

Analysts Set New Price Targets

A number of analysts have recently commented on TLN shares. Barclays cut their price objective on shares of Talen Energy from $425.00 to $408.00 and set an "overweight" rating on the stock in a research report on Monday, April 20th. Raymond James Financial reissued an "outperform" rating and issued a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. Wells Fargo & Company boosted their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 20th. Weiss Ratings lowered shares of Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Talen Energy from $448.00 to $421.00 and set an "overweight" rating on the stock in a research report on Thursday, March 19th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $450.67.

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).

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