Talen Energy Corporation $TLN Shares Sold by Tran Capital Management L.P.

Tran Capital Management L.P. lessened its stake in Talen Energy Corporation (NASDAQ:TLN) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,045 shares of the utilities provider’s stock after selling 1,767 shares during the period. Talen Energy accounts for 7.2% of Tran Capital Management L.P.’s portfolio, making the stock its 2nd largest holding. Tran Capital Management L.P. owned about 0.35% of Talen Energy worth $59,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust bought a new stake in shares of Talen Energy during the third quarter worth $32,000. Assetmark Inc. boosted its holdings in Talen Energy by 581.8% in the third 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 last quarter. Neo Ivy Capital Management acquired a new stake in Talen Energy in the third quarter worth about $34,000. Advisory Services Network LLC bought a new stake in Talen Energy during the 3rd quarter worth about $35,000. Finally, Optiver Holding B.V. bought a new stake in Talen Energy during the 3rd quarter worth about $48,000. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TLN shares. BNP Paribas Exane began coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price on the stock. Weiss Ratings downgraded shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Barclays cut their price objective on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. Wells Fargo & Company lifted their target price on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and a consensus target price of $438.17.

Talen Energy Price Performance

Shares of TLN stock opened at $327.58 on Friday. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of -66.31, a price-to-earnings-growth ratio of 0.46 and a beta of 2.15. Talen Energy Corporation has a 12-month low of $162.31 and a 12-month high of $451.28. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. The firm has a fifty day moving average of $344.20 and a 200-day moving average of $373.76.

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).