Atalan Capital Partners LP Sells 39,685 Shares of Talen Energy Corporation $TLN

Atalan Capital Partners LP lessened its stake in Talen Energy Corporation (NASDAQ:TLN) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 279,315 shares of the utilities provider’s stock after selling 39,685 shares during the quarter. Talen Energy comprises approximately 7.4% of Atalan Capital Partners LP’s holdings, making the stock its 8th biggest holding. Atalan Capital Partners LP owned approximately 0.61% of Talen Energy worth $104,698,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted its holdings in shares of Talen Energy by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 36 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Talen Energy by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after acquiring an additional 39 shares in the last quarter. Berbice Capital Management LLC lifted its holdings in shares of Talen Energy by 19.1% during the 4th quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 45 shares in the last quarter. Red Door Wealth Management LLC lifted its holdings in shares of Talen Energy by 2.2% during the 4th quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock valued at $821,000 after acquiring an additional 47 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Talen Energy by 13.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 475 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TLN shares. BNP Paribas Exane started coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target on the stock. Morgan Stanley reissued an “overweight” rating and issued a $499.00 target price on shares of Talen Energy in a research report on Thursday, May 21st. Barclays boosted their price objective on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their target price on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Talen Energy has a consensus rating of “Moderate Buy” and an average target price of $448.58.

Talen Energy Trading Up 5.3%

Talen Energy stock opened at $406.51 on Wednesday. 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 firm has a 50-day moving average price of $359.74 and a two-hundred day moving average price of $358.33. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of -606.72 and a beta of 1.80. Talen Energy Corporation has a 52-week low of $255.50 and a 52-week 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).