94,928 Shares in Talen Energy Corporation $TLN Acquired by Moore Capital Management LP

Moore Capital Management LP purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 94,928 shares of the utilities provider’s stock, valued at approximately $40,380,000.

A number of other large investors also recently modified their holdings of TLN. Vanguard Group Inc. raised its holdings in shares of Talen Energy by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock valued at $1,924,061,000 after purchasing an additional 117,266 shares in the last quarter. Reaves W H & Co. Inc. raised its stake in 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 valued at $600,014,000 after buying an additional 158,047 shares in the last quarter. Lone Pine Capital LLC lifted its holdings in Talen Energy by 9.5% during the 3rd quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock worth $507,272,000 after buying an additional 103,136 shares during the last quarter. Invesco Ltd. lifted its holdings in Talen Energy by 77.5% during the 3rd quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock worth $452,189,000 after buying an additional 464,014 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Talen Energy by 26.1% during the 2nd quarter. Geode Capital Management LLC now owns 794,754 shares of the utilities provider’s stock worth $231,150,000 after acquiring an additional 164,734 shares in the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Talen Energy Stock Up 0.5%

TLN stock opened at $317.60 on Tuesday. The company has a market cap of $14.51 billion, a price-to-earnings ratio of -64.29, a price-to-earnings-growth ratio of 0.45 and a beta of 1.94. The company has a fifty day moving average price of $358.76 and a 200 day moving average price of $380.25. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. Talen Energy Corporation has a 12 month low of $162.31 and a 12 month high of $451.28.

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).