Talen Energy Corporation $TLN Shares Sold by Atalan Capital Partners LP

Atalan Capital Partners LP reduced its stake in Talen Energy Corporation (NASDAQ:TLN) by 12.4% in the fourth quarter, HoldingsChannel reports. The fund owned 279,315 shares of the utilities provider’s stock after selling 39,685 shares during the quarter. Talen Energy makes up 7.4% of Atalan Capital Partners LP’s holdings, making the stock its 8th largest holding. Atalan Capital Partners LP’s holdings in Talen Energy were worth $104,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Amundi bought a new stake in shares of Talen Energy in the 1st quarter worth approximately $299,000. AQR Capital Management LLC bought a new stake in shares of Talen Energy in the 1st quarter worth approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Talen Energy by 11.7% in 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 purchasing an additional 761 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Talen Energy by 17,400.0% in the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Talen Energy by 15.3% in 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 purchasing an additional 6,498 shares in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Up 5.3%

TLN stock opened at $406.51 on Wednesday. Talen Energy Corporation has a 52-week low of $255.50 and a 52-week high of $451.28. The company’s 50 day simple moving average is $359.74 and its 200-day simple moving average is $358.33. 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 firm has a market capitalization of $18.46 billion, a P/E ratio of -606.72 and a beta of 1.80.

Wall Street Analyst Weigh In

A number of analysts recently commented on TLN shares. Raymond James Financial reiterated an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their target price on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th. BNP Paribas Exane started coverage on shares of Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $448.58.

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).