Talen Energy Corporation $TLN Position Decreased by Yost Capital Management LP

Yost Capital Management LP trimmed its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 16.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,059 shares of the utilities provider’s stock after selling 5,000 shares during the period. Talen Energy comprises 13.6% of Yost Capital Management LP’s investment portfolio, making the stock its 3rd largest position. Yost Capital Management LP’s holdings in Talen Energy were worth $9,393,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TLN. Amundi purchased a new position in shares of Talen Energy during the 1st quarter valued at about $299,000. AQR Capital Management LLC purchased a new position in shares of Talen Energy during the 1st quarter valued at about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Talen Energy by 11.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after buying an additional 761 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Talen Energy by 17,400.0% during the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock valued at $175,000 after buying an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Talen Energy by 15.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock valued at $9,794,000 after buying an additional 6,498 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 $360.54 on Monday. 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 business’s 50 day simple moving average is $356.99 and its two-hundred day simple moving average is $358.18. The stock has a market capitalization of $16.37 billion, a P/E ratio of -538.11 and a beta of 1.81. Talen Energy Corporation has a one year low of $255.50 and a one year high of $451.28.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Barclays raised their price objective on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Raymond James Financial reissued an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. BNP Paribas Exane assumed coverage on Talen Energy in a report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average 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).