Dockside LLC Makes New Investment in Talen Energy Corporation $TLN

Dockside LLC purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,044 shares of the utilities provider’s stock, valued at approximately $1,891,000.

Several other hedge funds have also modified their holdings of TLN. Flagship Harbor Advisors LLC purchased a new stake 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 buying an additional 64 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Talen Energy during the third quarter valued at about $34,000. Advisory Services Network LLC purchased a new stake 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 buying an additional 90 shares during the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James Financial reissued an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. BNP Paribas Exane assumed coverage on shares of Talen Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target for the company. Morgan Stanley reissued an “overweight” rating and set a $499.00 price target on shares of Talen Energy in a research report on Thursday, May 21st. Barclays increased their price target on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company increased their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and an average price target of $448.58.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $360.54 on Friday. The firm has a market capitalization of $16.37 billion, a P/E ratio of -538.11 and a beta of 1.80. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The company has a 50 day moving average price of $356.99 and a 200 day moving average price of $358.33. Talen Energy Corporation has a 52 week low of $255.50 and a 52 week high of $451.28.

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).