Munro Partners purchased a new stake in Talen Energy Corporation (NASDAQ:TLN – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,125 shares of the utilities provider’s stock, valued at approximately $8,668,000. Munro Partners owned 0.05% of Talen Energy as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in Talen Energy in the fourth quarter worth approximately $27,000. Assetmark Inc. raised its stake in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Neo Ivy Capital Management bought a new position in Talen Energy in the third quarter worth approximately $34,000. Advisory Services Network LLC bought a new position in Talen Energy in the third quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Talen Energy by 1,500.0% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.
Talen Energy Price Performance
NASDAQ TLN opened at $386.21 on Tuesday. Talen Energy Corporation has a 1 year low of $255.50 and a 1 year high of $451.28. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The company has a market cap of $17.53 billion, a price-to-earnings ratio of -576.42 and a beta of 1.81. The stock’s fifty day moving average price is $358.16 and its 200 day moving average price is $358.23.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on TLN
Talen Energy Company 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).
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