Moore Capital Management LP Invests $40.38 Million in Talen Energy Corporation $TLN

Moore Capital Management LP acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 94,928 shares of the utilities provider’s stock, valued at approximately $40,380,000. Moore Capital Management LP owned approximately 0.21% of Talen Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TLN. MAI Capital Management lifted its stake in Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 59 shares in the last quarter. Grove Bank & Trust acquired a new position in Talen Energy in the 3rd quarter valued at about $32,000. Assetmark Inc. grew 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 acquiring an additional 64 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Talen Energy during the third quarter worth about $34,000. Finally, Optiver Holding B.V. purchased a new stake in Talen Energy during the third quarter worth about $48,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TLN. Wells Fargo & Company raised their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings downgraded shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a report on Friday, February 20th. Finally, Barclays decreased their price target on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $430.09.

Talen Energy Price Performance

TLN stock opened at $317.60 on Tuesday. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. The firm has a market capitalization of $14.51 billion, a P/E ratio of -64.29, a P/E/G ratio of 0.45 and a beta of 1.94. The business’s 50-day moving average is $358.76 and its two-hundred day moving average is $380.25. Talen Energy Corporation has a 1 year low of $162.31 and a 1 year high of $451.28.

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).