Diversify Advisory Services LLC Has $11.52 Million Holdings in Talen Energy Corporation $TLN

Key Points

• Diversify Advisory Services LLC cut its stake in Talen Energy (NASDAQ: TLN) by 10.4% in Q3 to 27,859 shares, worth about $11.52 million and roughly 0.06% of the company.
• Analyst views are mixed—Barclays lowered its target to $425 while Wells Fargo raised theirs to $506 and Morgan Stanley sits at $474, with Weiss Ratings downgrading to a sell; the consensus is a Moderate Buy with a $430.09 target.
• Talen has a market cap of $14.65 billion, a negative P/E of -64.89 and high leverage (debt-to-equity 6.20), and its 12-month trading range is $158.08 to $451.28.

Diversify Advisory Services LLC trimmed its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 10.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,859 shares of the utilities provider's stock after selling 3,224 shares during the period. Diversify Advisory Services LLC owned approximately 0.06% of Talen Energy worth $11,521,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TLN. Atlantic Union Bankshares Corp bought a new stake in shares of Talen Energy in the 2nd quarter valued at $27,000. MAI Capital Management boosted its stake in Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider's stock worth $32,000 after acquiring an additional 59 shares in the last quarter. Grove Bank & Trust bought a new position in Talen Energy during the third quarter worth $32,000. Assetmark Inc. grew its holdings in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider's stock worth $32,000 after purchasing an additional 64 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in Talen Energy in the third quarter worth $34,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TLN. Barclays decreased their price target 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 cut shares of Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, February 27th. Wells Fargo & Company raised their target price on Talen Energy from $445.00 to $506.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Finally, Morgan Stanley set a $474.00 target price on Talen Energy in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $430.09.

Talen Energy Stock Performance

NASDAQ TLN opened at $320.56 on Monday. The company has a fifty day simple moving average of $366.22 and a 200 day simple moving average of $382.29. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28. 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 $14.65 billion, a P/E ratio of -64.89, a PEG ratio of 0.47 and a beta of 1.94.

Talen Energy Company 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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