AXQ Capital LP Makes New $2.04 Million Investment in Talen Energy Corporation $TLN

AXQ Capital LP bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, Holdings Channel.com reports. The firm bought 5,430 shares of the utilities provider’s stock, valued at approximately $2,035,000. Talen Energy makes up 0.5% of AXQ Capital LP’s holdings, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BW Gestao de Investimentos Ltda. acquired a new position in shares of Talen Energy in the 4th quarter valued at about $21,770,000. Reaves W H & Co. Inc. lifted its stake in shares of Talen Energy by 7.9% in the 4th quarter. Reaves W H & Co. Inc. now owns 1,521,697 shares of the utilities provider’s stock valued at $570,393,000 after purchasing an additional 111,160 shares during the period. Florida Financial Advisors LLC lifted its stake in shares of Talen Energy by 28.1% in the 4th quarter. Florida Financial Advisors LLC now owns 2,344 shares of the utilities provider’s stock valued at $879,000 after purchasing an additional 514 shares during the period. Clear Harbor Asset Management LLC lifted its stake in shares of Talen Energy by 6.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 4,525 shares of the utilities provider’s stock valued at $1,696,000 after purchasing an additional 275 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Talen Energy by 51.2% in the 4th quarter. BNP Paribas Financial Markets now owns 315,497 shares of the utilities provider’s stock valued at $118,261,000 after purchasing an additional 106,840 shares during the period. 0.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TLN. BNP Paribas Exane began coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective on the stock. Wells Fargo & Company upped their price target on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research note on Thursday, May 21st. Weiss Ratings raised 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Stock Performance

TLN stock opened at $377.20 on Tuesday. The firm has a market cap of $17.12 billion, a PE ratio of -562.98 and a beta of 1.81. 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 business has a 50 day moving average of $348.84 and a 200-day moving average of $358.60. Talen Energy Corporation has a 12-month low of $240.90 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).