Talen Energy Corporation $TLN Shares Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC lifted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 22,992.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,002 shares of the utilities provider’s stock after buying an additional 2,989 shares during the period. FNY Investment Advisers LLC’s holdings in Talen Energy were worth $1,276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Talen Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock worth $1,924,061,000 after acquiring an additional 117,266 shares during the period. Reaves W H & Co. Inc. lifted its holdings 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 acquiring an additional 158,047 shares during the period. State Street Corp lifted its holdings in Talen Energy by 88.2% in the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after acquiring an additional 627,467 shares during the period. Lone Pine Capital LLC boosted its position in shares of 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 purchasing an additional 103,136 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of 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 purchasing an additional 464,014 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Up 3.5%

NASDAQ:TLN opened at $338.60 on Thursday. The company has a market capitalization of $15.47 billion, a PE ratio of -68.54, a price-to-earnings-growth ratio of 0.47 and a beta of 1.94. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. Talen Energy Corporation has a 52-week low of $162.31 and a 52-week high of $451.28. The stock has a fifty day simple moving average of $356.72 and a 200-day simple moving average of $379.60.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TLN shares. Wells Fargo & Company increased their price target on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Morgan Stanley set a $474.00 price objective on shares of Talen Energy in a report on Friday, February 20th. Weiss Ratings lowered shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. BNP Paribas Exane started coverage on shares of Talen Energy in a research report on Wednesday. They set an “outperform” rating and a $548.00 price target for the company. Finally, Barclays decreased their price target on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $439.92.

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).