Talen Energy Corporation $TLN Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its stake in Talen Energy Corporation (NASDAQ:TLN) by 73.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,132 shares of the utilities provider’s stock after selling 11,152 shares during the period. WINTON GROUP Ltd’s holdings in Talen Energy were worth $1,549,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TLN. Flagship Harbor Advisors LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at $27,000. Assetmark Inc. increased 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 buying an additional 64 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Talen Energy in the third quarter worth about $34,000. Advisory Services Network LLC acquired a new position in shares of Talen Energy in the third quarter worth about $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 90 shares in the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Price Performance

Shares of Talen Energy stock opened at $364.78 on Tuesday. The stock has a market capitalization of $16.56 billion, a P/E ratio of -544.44 and a beta of 1.81. The business has a 50 day simple moving average of $354.67 and a two-hundred day simple moving average of $358.92. Talen Energy Corporation has a 12 month low of $246.95 and a 12 month high of $451.28. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TLN shares. Barclays raised their target price on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Wells Fargo & Company increased their price target on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. cut their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a research report on Thursday, May 21st. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $448.58.

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).