Cinctive Capital Management LP Sells 17,067 Shares of Talen Energy Corporation $TLN

Key Points

• Cinctive Capital Management cut its stake in Talen Energy by 75.0%, selling 17,067 shares in Q3 and ending the period with 5,684 shares valued at $2.418 million.
• Wall Street consensus is a Moderate Buy with a $430.09 average target (11 Buy, 2 Hold, 1 Sell); recent analyst targets range from $425 (Barclays) to $506 (Wells Fargo), while Weiss Ratings downgraded the stock to a sell.
• TLN trades around $317.60 with a one-year range of $162.31–$451.28, a market cap of about $14.5 billion, and high leverage (debt-to-equity ratio of 6.20).

Cinctive Capital Management LP cut its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 75.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,684 shares of the utilities provider's stock after selling 17,067 shares during the period. Cinctive Capital Management LP's holdings in Talen Energy were worth $2,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MAI Capital Management lifted its stake in Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider's stock valued at $32,000 after buying an additional 59 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Talen Energy by 8.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider's stock worth $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% in the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider's stock valued at $1,066,000 after acquiring an additional 60 shares during the last quarter. Assetmark Inc. increased its stake in shares of Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Finally, Compound Planning Inc. raised its position in shares of Talen Energy by 8.8% in the 3rd quarter. Compound Planning Inc. now owns 803 shares of the utilities provider's stock valued at $342,000 after acquiring an additional 65 shares during the period. Institutional investors own 0.38% of the company's stock.

Talen Energy Trading Up 0.5%

NASDAQ TLN opened at $317.60 on Tuesday. Talen Energy Corporation has a one year low of $162.31 and a one year high of $451.28. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. The firm has a market cap of $14.51 billion, a P/E ratio of -64.29, a P/E/G ratio of 0.45 and a beta of 1.94. The stock's 50-day moving average is $358.76 and its 200-day moving average is $380.25.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on TLN shares. Wells Fargo & Company lifted their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 20th. Barclays lowered their target price on shares of Talen Energy from $457.00 to $425.00 and set an "overweight" rating for the company in a research note on Wednesday, February 11th. Weiss Ratings lowered shares of Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a report 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Talen Energy has a consensus rating of "Moderate Buy" and a consensus target price of $430.09.

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).

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