Talen Energy Corporation $TLN Holdings Decreased by Yost Capital Management LP

Yost Capital Management LP trimmed its holdings in Talen Energy Corporation (NASDAQ:TLN) by 30.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,059 shares of the utilities provider’s stock after selling 13,100 shares during the quarter. Talen Energy comprises about 15.5% of Yost Capital Management LP’s investment portfolio, making the stock its biggest holding. Yost Capital Management LP owned about 0.07% of Talen Energy worth $12,786,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Invesco Ltd. grew its holdings in Talen Energy by 77.5% in the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock worth $452,189,000 after purchasing an additional 464,014 shares during the period. Atika Capital Management LLC boosted its position in shares of Talen Energy by 15.9% in the 3rd quarter. Atika Capital Management LLC now owns 69,300 shares of the utilities provider’s stock worth $29,479,000 after purchasing an additional 9,500 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Talen Energy by 184.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 208,657 shares of the utilities provider’s stock worth $88,759,000 after purchasing an additional 135,307 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Talen Energy by 129.5% in the 3rd quarter. Mackenzie Financial Corp now owns 5,929 shares of the utilities provider’s stock worth $2,522,000 after buying an additional 3,345 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Talen Energy in the 3rd quarter worth approximately $631,000. Institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley set a $474.00 price objective on Talen Energy in a research note on Friday, February 20th. Wells Fargo & Company raised their price target on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings lowered Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Finally, Barclays dropped their price target on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talen Energy presently has a consensus rating of “Moderate Buy” and an average price target of $430.09.

Talen Energy Stock Up 1.1%

NASDAQ TLN traded up $3.44 during mid-day trading on Friday, reaching $314.89. The stock had a trading volume of 148,395 shares, compared to its average volume of 893,532. The stock has a market cap of $14.39 billion, a PE ratio of -63.71, a price-to-earnings-growth ratio of 0.46 and a beta of 1.94. Talen Energy Corporation has a 1 year low of $162.31 and a 1 year high of $451.28. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. The company has a fifty day moving average price of $361.93 and a 200 day moving average price of $381.01.

Talen Energy Profile

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).