WINTON GROUP Ltd Decreases Stake in Talen Energy Corporation $TLN

WINTON GROUP Ltd cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 73.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,132 shares of the utilities provider’s stock after selling 11,152 shares during the period. WINTON GROUP Ltd’s holdings in Talen Energy were worth $1,549,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State Street Corp lifted its stake in Talen Energy by 88.2% in the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after purchasing an additional 627,467 shares in the last quarter. Norges Bank acquired a new position in shares of Talen Energy during the 4th quarter worth approximately $225,930,000. Invesco Ltd. grew its position in shares of Talen Energy by 77.5% in the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock valued at $452,189,000 after purchasing an additional 464,014 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Talen Energy by 475.3% in the third quarter. Voloridge Investment Management LLC now owns 259,475 shares of the utilities provider’s stock valued at $110,375,000 after purchasing an additional 214,371 shares during the last quarter. Finally, Palestra Capital Management LLC purchased a new position in Talen Energy during the third quarter worth approximately $81,486,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ:TLN opened at $364.78 on Tuesday. Talen Energy Corporation has a 52 week low of $246.95 and a 52 week high of $451.28. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The company has a market capitalization of $16.56 billion, a P/E ratio of -544.44 and a beta of 1.81. The stock’s fifty day moving average is $354.67 and its two-hundred day moving average is $358.92.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. BNP Paribas Exane started coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target on the stock. Raymond James Financial reissued an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Wells Fargo & Company raised their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $448.58.

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).