Talen Energy Corporation $TLN Holdings Raised by Two Seas Capital LP

Two Seas Capital LP grew its stake in Talen Energy Corporation (NASDAQ:TLN) by 46.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 391,974 shares of the utilities provider’s stock after acquiring an additional 125,086 shares during the period. Talen Energy comprises 3.0% of Two Seas Capital LP’s investment portfolio, making the stock its 5th biggest holding. Two Seas Capital LP’s holdings in Talen Energy were worth $146,928,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Talen Energy in the 4th quarter valued at approximately $27,000. Assetmark Inc. raised its stake in shares of 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 during the period. Neo Ivy Capital Management purchased a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $34,000. Advisory Services Network LLC purchased a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Talen Energy by 1,500.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 90 shares during the period. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Trading Down 3.5%

Shares of TLN stock opened at $364.74 on Friday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. The stock has a market capitalization of $16.56 billion, a P/E ratio of -544.38 and a beta of 1.80. The company has a 50 day moving average price of $353.84 and a 200 day moving average price of $359.06. Talen Energy Corporation has a fifty-two week low of $246.95 and a fifty-two week high of $451.28.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TLN. JPMorgan Chase & Co. reduced their price target 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. Morgan Stanley restated an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Finally, Barclays lifted their price objective on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Talen Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $448.58.

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).