Marnell Management LLC Invests $2.16 Million in Talen Energy Corporation $TLN

Marnell Management LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,760 shares of the utilities provider’s stock, valued at approximately $2,159,000. Talen Energy makes up approximately 1.0% of Marnell Management LLC’s portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Talen Energy during the 4th quarter worth about $27,000. Assetmark Inc. grew its stake in Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Talen Energy during the 3rd quarter worth approximately $34,000. Advisory Services Network LLC purchased a new position in Talen Energy during the 3rd quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

TLN has been the topic of a number of research reports. Raymond James Financial restated an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a research note on Monday, April 27th. Morgan Stanley restated an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research note on Thursday, May 21st. BNP Paribas Exane initiated coverage on Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target on the stock. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company raised 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. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Stock Performance

Shares of TLN stock opened at $360.54 on Monday. The stock has a fifty day moving average price of $356.99 and a 200 day moving average price of $358.18. The stock has a market cap of $16.37 billion, a PE ratio of -538.11 and a beta of 1.81. Talen Energy Corporation has a 1 year low of $255.50 and a 1 year high of $451.28. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25.

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).