FNY Investment Advisers LLC Grows Position in Talen Energy Corporation $TLN

FNY Investment Advisers LLC raised its position in Talen Energy Corporation (NASDAQ:TLN) by 22,992.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,002 shares of the utilities provider’s stock after buying an additional 2,989 shares during the quarter. FNY Investment Advisers LLC’s holdings in Talen Energy were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. MAI Capital Management grew its position in shares of Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 59 shares during the last quarter. Grove Bank & Trust purchased a new stake in Talen Energy in the 3rd quarter valued at $32,000. Assetmark Inc. raised its position in Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Talen Energy during the 3rd quarter worth $34,000. Finally, Advisory Services Network LLC acquired a new stake in Talen Energy during the 3rd quarter worth $35,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Up 3.5%

Shares of Talen Energy stock opened at $338.60 on Thursday. Talen Energy Corporation has a one year low of $162.31 and a one year high of $451.28. The company has a market cap of $15.47 billion, a P/E ratio of -68.54, a PEG ratio of 0.47 and a beta of 1.94. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28. The firm has a fifty day moving average of $356.72 and a two-hundred day moving average of $379.60.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays dropped their price objective 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. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a research note on Friday, February 20th. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. BNP Paribas Exane initiated coverage on Talen Energy in a research note on Wednesday. They set an “outperform” rating and a $548.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.92.

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).