Union Square Park Capital Management LLC Lowers Stock Position in Talen Energy Corporation $TLN

Union Square Park Capital Management LLC trimmed its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 50.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the utilities provider’s stock after selling 5,000 shares during the period. Talen Energy comprises 0.8% of Union Square Park Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. Union Square Park Capital Management LLC’s holdings in Talen Energy were worth $2,127,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. MAI Capital Management boosted its stake in shares of Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Talen Energy by 8.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock worth $335,000 after acquiring an additional 59 shares in the last quarter. Main Management ETF Advisors LLC raised its position in Talen Energy by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock worth $1,066,000 after acquiring an additional 60 shares in the last quarter. Assetmark Inc. lifted its holdings 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 period. Finally, Compound Planning Inc. lifted its holdings in Talen Energy by 8.8% in the third quarter. Compound Planning Inc. now owns 803 shares of the utilities provider’s stock valued at $342,000 after acquiring an additional 65 shares during the period. 0.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $316.14 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. The company’s 50-day moving average price is $360.32 and its 200 day moving average price is $380.74. Talen Energy Corporation has a 52 week low of $162.31 and a 52 week high of $451.28. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of -64.00, a PEG ratio of 0.45 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).