Attestor Capital Ltd Takes Position in Talen Energy Corporation $TLN

Attestor Capital Ltd bought a new stake in Talen Energy Corporation (NASDAQ:TLN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 143,838 shares of the utilities provider’s stock, valued at approximately $53,916,000. Talen Energy comprises 25.5% of Attestor Capital Ltd’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of TLN. Flagship Harbor Advisors LLC acquired a new position in Talen Energy during the fourth quarter valued at approximately $27,000. Assetmark Inc. lifted its stake in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Talen Energy in the 3rd quarter valued at about $34,000. Advisory Services Network LLC bought a new position in shares of Talen Energy in the 3rd quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. grew 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 acquiring an additional 90 shares during the period. Institutional investors own 0.38% of the company’s stock.

Insiders Place Their Bets

In other Talen Energy 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 completion of the sale, the director directly owned 2,606 shares in the company, valued at $990,280. This trade represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.78% of the stock is currently owned by corporate insiders.

Talen Energy Stock Performance

Shares of TLN stock opened at $436.29 on Friday. The company has a market capitalization of $19.81 billion, a price-to-earnings ratio of -651.17 and a beta of 1.80. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. The company has a 50-day simple moving average of $363.58 and a 200 day simple moving average of $358.75. Talen Energy Corporation has a 52 week low of $255.50 and a 52 week high of $451.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TLN shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $499.00 target price on shares of Talen Energy in a report on Thursday, May 21st. The Goldman Sachs Group assumed coverage on Talen Energy in a report on Thursday. They set a “buy” rating and a $499.00 price target for the company. BNP Paribas Exane assumed coverage on Talen Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target on the stock. Barclays upped their price objective on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $452.46.

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).