Deltroit Asset Management UK LLP Invests $103.08 Million in Talen Energy Corporation $TLN

Deltroit Asset Management UK LLP acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 275,000 shares of the utilities provider’s stock, valued at approximately $103,081,000. Talen Energy comprises about 15.0% of Deltroit Asset Management UK LLP’s investment portfolio, making the stock its biggest position. Deltroit Asset Management UK LLP owned about 0.60% of Talen Energy as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TLN. Flagship Harbor Advisors LLC purchased a new position in Talen Energy in the fourth quarter valued at about $27,000. Assetmark Inc. raised its position 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 purchasing an additional 64 shares during the period. Neo Ivy Capital Management purchased a new position in Talen Energy in the third quarter valued at about $34,000. Advisory Services Network LLC purchased a new position in Talen Energy in the third quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Talen Energy by 1,500.0% in the fourth 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 period. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on TLN shares. Wells Fargo & Company raised their price objective on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a research report on Thursday, May 21st. JPMorgan Chase & Co. cut their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. 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 target on the stock. Finally, Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $364.74 on Friday. Talen Energy Corporation has a 12 month low of $246.95 and a 12 month high of $451.28. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of -544.38 and a beta of 1.80. The stock’s 50 day moving average price is $353.84 and its 200 day moving average price is $359.06. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05.

Talen Energy 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).