Deltroit Asset Management UK LLP Buys Shares of 275,000 Talen Energy Corporation $TLN

Deltroit Asset Management UK LLP purchased a new position in Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, Holdings Channel.com reports. The firm purchased 275,000 shares of the utilities provider’s stock, valued at approximately $103,081,000. Talen Energy comprises about 15.0% of Deltroit Asset Management UK LLP’s investment portfolio, making the stock its biggest position.

Other hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Talen Energy in the fourth quarter worth $27,000. Assetmark Inc. increased its stake in shares of Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Talen Energy in the third quarter worth $34,000. Advisory Services Network LLC acquired a new position in shares of Talen Energy in the third quarter worth $35,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 90 shares during the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Trading Down 3.5%

Shares of NASDAQ:TLN opened at $364.74 on Friday. The stock has a market capitalization of $16.56 billion, a PE ratio of -544.38 and a beta of 1.80. Talen Energy Corporation has a 1 year low of $246.95 and a 1 year high of $451.28. The firm has a fifty day moving average price of $353.84 and a 200 day moving average price of $359.06. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TLN shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $499.00 price target on shares of Talen Energy in a research note on Thursday, May 21st. JPMorgan Chase & Co. decreased their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Wells Fargo & Company upped their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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).