CenterBook Partners LP Buys 3,013 Shares of Talen Energy Corporation $TLN

CenterBook Partners LP boosted its stake in Talen Energy Corporation (NASDAQ:TLN) by 178.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,699 shares of the utilities provider’s stock after purchasing an additional 3,013 shares during the period. CenterBook Partners LP’s holdings in Talen Energy were worth $1,761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TLN. Amundi bought a new position in Talen Energy in the 1st quarter valued at approximately $299,000. AQR Capital Management LLC bought a new position in Talen Energy in the 1st quarter valued at approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Talen Energy by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after purchasing an additional 761 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Talen Energy by 17,400.0% in the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Talen Energy by 15.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock valued at $9,794,000 after purchasing an additional 6,498 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

TLN has been the subject of several research reports. BNP Paribas Exane initiated coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a research note on Thursday, May 21st. JPMorgan Chase & Co. dropped their price target on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. 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. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a research note on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Trading Down 1.7%

NASDAQ:TLN opened at $358.74 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of -535.42 and a beta of 1.80. The firm has a fifty day simple moving average of $355.35 and a two-hundred day simple moving average of $358.69. Talen Energy Corporation has a 12 month low of $246.95 and a 12 month high of $451.28.

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).