BNP Paribas Financial Markets Boosts Stock Position in Talen Energy Corporation $TLN

Key Points

• BNP Paribas Financial Markets boosted its Talen Energy stake by 184.5%, adding 135,307 shares to hold 208,657 shares (about 0.46% of the company) worth roughly $88.76 million per its Q3 13F filing.
• Other institutions made modest purchases (e.g., MAI Capital, B. Riley, Assetmark), and the article reports overall institutional ownership of TLN at about 0.38%.
• Analysts have a consensus rating of Moderate Buy with a $430.09 price target; TLN opened at $311.45, has a $14.23 billion market cap and a negative P/E of -63.05, indicating mixed fundamentals despite bullish targets.

BNP Paribas Financial Markets increased its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 184.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,657 shares of the utilities provider's stock after purchasing an additional 135,307 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.46% of Talen Energy worth $88,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. MAI Capital Management lifted its holdings in Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider's stock worth $32,000 after buying an additional 59 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Talen Energy by 8.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider's stock valued at $335,000 after buying an additional 59 shares during the period. Main Management ETF Advisors LLC increased its stake in shares of Talen Energy by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider's stock valued at $1,066,000 after buying an additional 60 shares during the period. Assetmark Inc. raised its holdings 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 acquiring an additional 64 shares in the last quarter. Finally, Compound Planning Inc. raised its holdings in shares of Talen Energy by 8.8% during the third quarter. Compound Planning Inc. now owns 803 shares of the utilities provider's stock valued at $342,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

TLN opened at $311.45 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. The company has a market cap of $14.23 billion, a price-to-earnings ratio of -63.05, a price-to-earnings-growth ratio of 0.46 and a beta of 1.94. The stock has a fifty day simple moving average of $361.93 and a two-hundred day simple moving average of $381.01. Talen Energy Corporation has a 12-month low of $162.31 and a 12-month high of $451.28.

Wall Street Analysts Forecast Growth

TLN has been the topic of several recent analyst reports. Barclays cut their price target on shares of Talen Energy from $457.00 to $425.00 and set an "overweight" rating on the stock in a report on Wednesday, February 11th. Wells Fargo & Company upped their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an "overweight" rating in a report on Tuesday, January 20th. Weiss Ratings lowered shares of Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, February 27th. Finally, Morgan Stanley set a $474.00 price target on shares of Talen Energy in a research report on Friday, February 20th. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Talen Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.09.

Talen Energy Profile

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).

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