Pinnbrook Capital Management LP Purchases Shares of 21,329 Talen Energy Corporation $TLN

Key Points

• Pinnbrook Capital Management bought a new stake of 21,329 shares of Talen Energy (NASDAQ:TLN) in Q3, valued at about $9.07 million, representing roughly 1.0% of Pinnbrook’s portfolio and its 19th largest holding.
• Several other institutions — including Amundi, AQR and UBS — also initiated or increased positions in TLN, though the report states institutional ownership of the stock remains very low at about 0.38%.
• Analysts are mixed but generally positive: the consensus is a "Moderate Buy" with a target price of $430.09 (11 Buys, 2 Holds, 1 Sell); TLN was trading near $316.14, below its 50- and 200-day moving averages and showing a negative P/E of -64.00.

Pinnbrook Capital Management LP acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 21,329 shares of the utilities provider's stock, valued at approximately $9,073,000. Talen Energy accounts for about 1.0% of Pinnbrook Capital Management LP's portfolio, making the stock its 19th largest position.

Several other institutional investors also recently modified their holdings of the company. Amundi bought a new stake in shares of Talen Energy in the 1st quarter valued at about $299,000. AQR Capital Management LLC bought a new position in Talen Energy during the first quarter worth about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Talen Energy by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider's stock worth $1,454,000 after purchasing an additional 761 shares during the period. NewEdge Advisors LLC increased its position in Talen Energy by 17,400.0% during the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider's stock worth $175,000 after buying an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Talen Energy by 15.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider's stock worth $9,794,000 after buying an additional 6,498 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings cut Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, February 27th. Morgan Stanley set a $474.00 target price on Talen Energy in a report on Friday, February 20th. Wells Fargo & Company increased their price target 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, Barclays cut their price target on Talen Energy from $457.00 to $425.00 and set an "overweight" rating for the company in a report on Wednesday, February 11th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $430.09.

Talen Energy Stock Up 1.5%

Talen Energy stock opened at $316.14 on Friday. The company's 50-day moving average price is $360.32 and its two-hundred day moving average price is $380.74. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. The stock has a market cap of $14.44 billion, a P/E ratio of -64.00, a P/E/G ratio of 0.45 and a beta of 1.94. Talen Energy Corporation has a twelve month low of $162.31 and a twelve 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).

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