Value Aligned Research Advisors LLC Has $22.25 Million Stake in Talen Energy Corporation $TLN

Value Aligned Research Advisors LLC decreased its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 55.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,703 shares of the utilities provider’s stock after selling 87,644 shares during the period. Value Aligned Research Advisors LLC’s holdings in Talen Energy were worth $22,251,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Talen Energy in the fourth quarter valued at about $27,000. Advisory Services Network LLC acquired a new position in shares of Talen Energy during the 3rd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 90 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Talen Energy during the 4th quarter valued at approximately $39,000. Finally, Bessemer Group Inc. boosted its stake in Talen Energy by 404.0% during the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 101 shares during the period. 0.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TLN has been the topic of several recent analyst reports. Barclays dropped their price target on Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank increased their price objective on Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Morgan Stanley restated an “overweight” rating and issued a $508.00 price objective on shares of Talen Energy in a research note on Wednesday, June 24th. 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. Finally, Jefferies Financial Group cut their target price on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $476.45.

Insider Buying and Selling at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the sale, the director owned 2,606 shares of the company’s stock, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.78% of the company’s stock.

Talen Energy Trading Down 6.1%

Shares of TLN opened at $326.05 on Wednesday. The stock’s 50-day moving average price is $379.92 and its 200 day moving average price is $360.91. 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 firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of -486.63 and a beta of 1.82. Talen Energy Corporation has a 12-month low of $301.45 and a 12-month 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).