De Lisle Partners LLP Sells 3,200 Shares of Talen Energy Corporation $TLN

De Lisle Partners LLP cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 31.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the utilities provider’s stock after selling 3,200 shares during the quarter. De Lisle Partners LLP’s holdings in Talen Energy were worth $2,625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLN. American Century Companies Inc. increased its stake in shares of Talen Energy by 1.6% during the 3rd quarter. American Century Companies Inc. now owns 342,914 shares of the utilities provider’s stock worth $145,870,000 after purchasing an additional 5,389 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Talen Energy by 1,526.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock worth $9,766,000 after purchasing an additional 24,452 shares during the last quarter. GF Fund Management CO. LTD. increased its stake in shares of Talen Energy by 76.5% during the 3rd quarter. GF Fund Management CO. LTD. now owns 64,256 shares of the utilities provider’s stock worth $27,333,000 after purchasing an additional 27,858 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Talen Energy by 157.0% during the 3rd quarter. Victory Capital Management Inc. now owns 111,104 shares of the utilities provider’s stock worth $47,261,000 after purchasing an additional 67,881 shares during the last quarter. Finally, South Dakota Investment Council acquired a new position in shares of Talen Energy during the 3rd quarter worth about $1,489,000. 0.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TLN has been the topic of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $499.00 price objective on shares of Talen Energy in a research note on Thursday, May 21st. Wells Fargo & Company boosted their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research note on Monday, April 27th. Barclays boosted their price objective on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Talen Energy has an average rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Trading Up 4.6%

Shares of NASDAQ:TLN opened at $360.54 on Friday. Talen Energy Corporation has a 12-month low of $255.50 and a 12-month high of $451.28. The stock has a market cap of $16.37 billion, a PE ratio of -538.11 and a beta of 1.80. The business has a 50 day moving average of $356.99 and a 200-day moving average of $358.33. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

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).