Kayne Anderson Capital Advisors LP Sells 8,190 Shares of Talen Energy Corporation $TLN

Kayne Anderson Capital Advisors LP reduced its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 33.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,951 shares of the utilities provider’s stock after selling 8,190 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Talen Energy were worth $6,785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in Talen Energy by 33.9% during the second quarter. Envestnet Asset Management Inc. now owns 38,312 shares of the utilities provider’s stock valued at $11,140,000 after purchasing an additional 9,692 shares during the last quarter. Mutual Advisors LLC acquired a new stake in shares of Talen Energy in the third quarter worth $2,485,000. Reaves W H & Co. Inc. boosted its holdings in shares of Talen Energy by 12.6% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after buying an additional 158,047 shares during the period. Principal Financial Group Inc. grew its stake in Talen Energy by 2,067.8% in the 3rd quarter. Principal Financial Group Inc. now owns 101,452 shares of the utilities provider’s stock valued at $43,156,000 after buying an additional 96,772 shares during the last quarter. Finally, Securian Asset Management Inc. acquired a new position in Talen Energy in the 3rd quarter valued at $1,481,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays decreased their price target on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Wells Fargo & Company boosted their price objective on 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 restated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, January 21st. Finally, Morgan Stanley set a $474.00 price target on Talen Energy in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.92.

Talen Energy Stock Up 2.0%

NASDAQ TLN opened at $375.24 on Wednesday. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The stock has a market cap of $17.14 billion, a PE ratio of 81.22, a PEG ratio of 0.56 and a beta of 1.99. The firm has a 50-day simple moving average of $369.18 and a 200 day simple moving average of $383.39. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29.

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).