Talen Energy Corporation $TLN Holdings Increased by Charter Oak Advisors LP

Charter Oak Advisors LP lifted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 26.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,580 shares of the utilities provider’s stock after buying an additional 49,347 shares during the period. Talen Energy makes up 36.1% of Charter Oak Advisors LP’s portfolio, making the stock its biggest position. Charter Oak Advisors LP’s holdings in Talen Energy were worth $100,636,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TLN. American Century Companies Inc. boosted its holdings in Talen Energy by 1.6% in the third quarter. American Century Companies Inc. now owns 342,914 shares of the utilities provider’s stock worth $145,870,000 after purchasing an additional 5,389 shares during the last quarter. Reaves W H & Co. Inc. boosted its stake in shares of Talen Energy by 12.6% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after buying an additional 158,047 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Talen Energy in the third quarter worth $2,485,000. Principal Financial Group Inc. increased its position in Talen Energy by 2,067.8% during the third quarter. Principal Financial Group Inc. now owns 101,452 shares of the utilities provider’s stock valued at $43,156,000 after acquiring an additional 96,772 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Talen Energy by 57.3% during the third quarter. Bank of New York Mellon Corp now owns 376,562 shares of the utilities provider’s stock valued at $160,182,000 after acquiring an additional 137,182 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TLN. Barclays dropped their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Morgan Stanley set a $474.00 price objective on shares of Talen Energy in a research note on Friday, February 20th. Wells Fargo & Company raised their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings cut shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 27th. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and an average target price of $430.09.

Talen Energy Price Performance

NASDAQ TLN opened at $335.11 on Tuesday. The business’s fifty day moving average is $365.32 and its 200 day moving average is $382.13. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28. The company has a market capitalization of $15.31 billion, a PE ratio of -67.84, a price-to-earnings-growth ratio of 0.47 and a beta of 1.94.

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).