Munro Partners Purchases New Position in Talen Energy Corporation $TLN

Munro Partners purchased a new stake in Talen Energy Corporation (NASDAQ:TLNFree 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

TLN has been the subject of a number of recent research reports. BNP Paribas Exane initiated coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Raymond James Financial reissued an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a research note on Monday, April 27th. 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. Finally, Morgan Stanley reissued an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a research note on Thursday, May 21st. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $448.58.

Check Out Our Latest Stock Analysis on TLN

Talen Energy Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Talen Energy (NASDAQ:TLN)

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