Yost Capital Management LP Has $9.39 Million Stake in Talen Energy Corporation $TLN

Yost Capital Management LP lessened its holdings in Talen Energy Corporation (NASDAQ:TLN) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,059 shares of the utilities provider’s stock after selling 5,000 shares during the quarter. Talen Energy accounts for 13.6% of Yost Capital Management LP’s investment portfolio, making the stock its 3rd largest position. Yost Capital Management LP owned approximately 0.05% of Talen Energy worth $9,393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TLN. Amundi bought a new position in Talen Energy in the 1st quarter valued at $299,000. AQR Capital Management LLC bought a new position in shares of Talen Energy during the 1st quarter worth $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Talen Energy by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after acquiring an additional 761 shares during the period. NewEdge Advisors LLC grew its stake in shares of Talen Energy by 17,400.0% during the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 870 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Talen Energy by 15.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after acquiring an additional 6,498 shares during the period. Institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TLN. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Wells Fargo & Company increased their price target on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Morgan Stanley reiterated an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research note on Thursday, May 21st. Finally, Raymond James Financial reissued an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Stock Performance

NASDAQ:TLN opened at $360.54 on Monday. The business’s 50-day moving average price is $356.99 and its two-hundred day moving average price is $358.18. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The stock has a market cap of $16.37 billion, a P/E ratio of -538.11 and a beta of 1.81. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

Talen Energy 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).