Talen Energy Corporation $TLN is Apis Capital Advisors LLC’s 4th Largest Position

Apis Capital Advisors LLC raised its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,200 shares of the utilities provider’s stock after buying an additional 10,800 shares during the quarter. Talen Energy comprises about 5.7% of Apis Capital Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Apis Capital Advisors LLC owned approximately 0.19% of Talen Energy worth $32,686,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in shares of Talen Energy in the 4th quarter valued at approximately $27,000. Assetmark Inc. raised its position in shares of Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Talen Energy in the 3rd quarter valued at approximately $34,000. Advisory Services Network LLC purchased a new position in shares of Talen Energy in the 3rd quarter valued at approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of 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 valued at $36,000 after purchasing an additional 90 shares during the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TLN has been the subject of several research analyst reports. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Barclays increased 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. Morgan Stanley reaffirmed an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a research report on Thursday, May 21st. Finally, 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 research report on Thursday, March 19th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $448.58.

Insider Activity at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the sale, the director owned 2,606 shares of the company’s stock, valued at $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is owned by insiders.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $409.81 on Thursday. The company has a market cap of $18.61 billion, a PE ratio of -611.65 and a beta of 1.80. Talen Energy Corporation has a twelve month low of $255.50 and a twelve month high of $451.28. The company’s 50 day moving average is $361.45 and its 200 day moving average is $358.45. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

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).