Munro Partners Purchases Shares of 23,125 Talen Energy Corporation $TLN

Munro Partners purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,125 shares of the utilities provider’s stock, valued at approximately $8,668,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. boosted its holdings in Talen Energy by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 36 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in Talen Energy by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after purchasing an additional 39 shares during the last quarter. Berbice Capital Management LLC boosted its holdings in Talen Energy by 19.1% in the fourth quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 45 shares during the last quarter. Red Door Wealth Management LLC boosted its holdings in Talen Energy by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock valued at $821,000 after purchasing an additional 47 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Talen Energy by 13.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 475 shares of the utilities provider’s stock worth $178,000 after acquiring an additional 55 shares in the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Up 7.1%

TLN opened at $386.21 on Tuesday. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The company has a 50-day moving average price of $358.16 and a 200 day moving average price of $358.23. The company has a market cap of $17.53 billion, a PE ratio of -576.42 and a beta of 1.81.

Analyst Ratings Changes

TLN has been the topic of several recent analyst reports. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. JPMorgan Chase & Co. lowered their target price on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Wells Fargo & Company increased their target price 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, BNP Paribas Exane initiated coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $448.58.

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).