Talen Energy Corporation $TLN Stock Position Increased by Two Seas Capital LP

Two Seas Capital LP lifted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 46.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,974 shares of the utilities provider’s stock after buying an additional 125,086 shares during the quarter. Talen Energy comprises 3.0% of Two Seas Capital LP’s investment portfolio, making the stock its 5th biggest position. Two Seas Capital LP owned about 0.86% of Talen Energy worth $146,928,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of 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 buying an additional 5,389 shares in the last quarter. Reaves W H & Co. Inc. lifted its stake in shares of Talen Energy by 12.6% in the third 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Talen Energy by 1,526.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock worth $9,766,000 after buying an additional 24,452 shares in the last quarter. GF Fund Management CO. LTD. lifted its stake in shares of Talen Energy by 76.5% in the third quarter. GF Fund Management CO. LTD. now owns 64,256 shares of the utilities provider’s stock worth $27,333,000 after buying an additional 27,858 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Talen Energy by 157.0% in the third quarter. Victory Capital Management Inc. now owns 111,104 shares of the utilities provider’s stock worth $47,261,000 after buying an additional 67,881 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TLN. BNP Paribas Exane began coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target on the stock. Raymond James Financial reissued an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research note on Monday, April 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a research note on Thursday, May 21st. Barclays lifted their target price on shares of Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company lifted their target price on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $448.58.

Talen Energy Price Performance

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

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).