Quantbot Technologies LP Sells 4,713 Shares of Talen Energy Corporation $TLN

Quantbot Technologies LP decreased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 36.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,378 shares of the utilities provider’s stock after selling 4,713 shares during the period. Quantbot Technologies LP’s holdings in Talen Energy were worth $3,564,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Grove Bank & Trust bought a new position in shares of Talen Energy in the third quarter worth about $32,000. Assetmark Inc. increased its holdings in shares of 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 in the last quarter. Atlantic Union Bankshares Corp bought a new position in Talen Energy in the 2nd quarter worth approximately $27,000. MAI Capital Management lifted its holdings in Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after buying an additional 59 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in Talen Energy in the 3rd quarter valued at $48,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Down 4.9%

TLN opened at $370.97 on Monday. The firm’s fifty day moving average is $370.31 and its two-hundred day moving average is $383.54. The firm has a market cap of $16.95 billion, a PE ratio of -75.09, a price-to-earnings-growth ratio of 0.56 and a beta of 1.94. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TLN. Morgan Stanley set a $474.00 target price on Talen Energy in a research report on Friday, February 20th. Barclays lowered their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday. Finally, Wells Fargo & Company raised their target price on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and a consensus target price of $410.92.

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).