Ripple Effect Asset Management LP Has $3.75 Million Stake in Talen Energy Corporation $TLN

Ripple Effect Asset Management LP lessened its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 52.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,000 shares of the utilities provider’s stock after selling 10,960 shares during the period. Talen Energy accounts for about 1.1% of Ripple Effect Asset Management LP’s investment portfolio, making the stock its 4th largest holding. Ripple Effect Asset Management LP’s holdings in Talen Energy were worth $3,748,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new position in Talen Energy in the 4th quarter worth approximately $27,000. Assetmark Inc. increased its stake in Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the period. Neo Ivy Capital Management purchased a new position in Talen Energy in the 3rd quarter worth approximately $34,000. Advisory Services Network LLC purchased a new position in Talen Energy in the 3rd quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in 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 worth $36,000 after purchasing an additional 90 shares during the period. Institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

TLN opened at $360.54 on Monday. 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 Corporation has a 52-week low of $255.50 and a 52-week high of $451.28. The stock has a market capitalization of $16.37 billion, a PE ratio of -538.11 and a beta of 1.81. The stock’s 50 day moving average price is $356.99 and its 200-day moving average price is $358.18.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays lifted their price target on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Weiss Ratings raised 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. Wells Fargo & Company boosted their target price on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley reissued an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a research note on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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).