Moore Capital Management LP Reduces Holdings in Talen Energy Corporation $TLN

Moore Capital Management LP cut its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 46.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,389 shares of the utilities provider’s stock after selling 44,539 shares during the quarter. Moore Capital Management LP’s holdings in Talen Energy were worth $18,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of TLN. Flagship Harbor Advisors LLC purchased a new stake in Talen Energy during the 4th quarter valued at about $27,000. Assetmark Inc. boosted its holdings in Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 64 shares during the period. Neo Ivy Capital Management purchased a new stake in Talen Energy in the 3rd quarter worth approximately $34,000. Advisory Services Network LLC purchased a new stake in Talen Energy in the 3rd quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Talen Energy by 1,500.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after buying an additional 90 shares during the period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was 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 trade represents a 49.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is currently owned by company insiders.

Talen Energy Trading Up 0.8%

TLN opened at $409.81 on Thursday. The stock has a market cap of $18.61 billion, a PE ratio of -611.65 and a beta of 1.80. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The business has a 50 day moving average of $361.45 and a 200-day moving average of $358.45. Talen Energy Corporation has a 52 week low of $255.50 and a 52 week high of $451.28.

Analysts Set New Price Targets

TLN has been the subject of several research analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Wells Fargo & Company increased their price objective on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $448.58.

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).