CenterBook Partners LP Purchases 3,013 Shares of Talen Energy Corporation $TLN

CenterBook Partners LP lifted its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 178.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,699 shares of the utilities provider’s stock after purchasing an additional 3,013 shares during the period. CenterBook Partners LP’s holdings in Talen Energy were worth $1,761,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of Talen Energy during the fourth quarter valued at about $27,000. Assetmark Inc. lifted its position in shares of Talen Energy by 581.8% during 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. Neo Ivy Capital Management bought a new position in shares of Talen Energy during the third quarter valued at about $34,000. Advisory Services Network LLC bought a new position in shares of Talen Energy during the third quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. 0.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on TLN. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a research report on Thursday, May 21st. Twelve 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 has a consensus rating of “Moderate Buy” and a consensus target price of $448.58.

Talen Energy Stock Performance

Shares of TLN stock opened at $358.74 on Wednesday. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of -535.42 and a beta of 1.80. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. Talen Energy Corporation has a 52 week low of $246.95 and a 52 week high of $451.28. The firm’s 50-day simple moving average is $355.35 and its two-hundred day simple moving average is $358.69.

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).