Talen Energy Corporation $TLN Shares Bought by Lone Pine Capital LLC

Key Points

• Lone Pine Capital LLC raised its stake in Talen Energy by 9.5% in Q3 to 1,192,516 shares, owning about 2.61% of the company valued at roughly $507.27 million and making TLN its 14th-largest holding.
• Wall Street is broadly positive with 11 Buys, 2 Holds and 1 Sell, producing a "Moderate Buy" consensus and an average price target of $430.09, versus a recent share price of $317.60.
• Talen has a market cap of $14.51 billion but carries high leverage (debt-to-equity 6.20) and a negative P/E (-64.29), signaling financial risk despite analyst optimism.

Lone Pine Capital LLC raised its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 9.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,192,516 shares of the utilities provider's stock after buying an additional 103,136 shares during the period. Talen Energy comprises about 3.7% of Lone Pine Capital LLC's holdings, making the stock its 14th largest holding. Lone Pine Capital LLC owned about 2.61% of Talen Energy worth $507,272,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MAI Capital Management lifted its stake in Talen Energy by 115.7% during the 2nd 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. B. Riley Wealth Advisors Inc. grew its position in Talen Energy by 8.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider's stock valued at $335,000 after acquiring an additional 59 shares in the last quarter. Main Management ETF Advisors LLC grew its position in 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 in the last quarter. Assetmark Inc. increased its stake in Talen Energy by 581.8% during 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, Compound Planning Inc. lifted its position 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 worth $342,000 after purchasing an additional 65 shares in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on TLN. Morgan Stanley set a $474.00 price objective on shares of Talen Energy in a research note on Friday, February 20th. Weiss Ratings downgraded shares of Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, February 27th. Barclays reduced their target price 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. Finally, Wells Fargo & Company raised their price target on shares of Talen Energy from $445.00 to $506.00 and gave the company an "overweight" rating in a research report on Tuesday, January 20th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Talen Energy has an average rating of "Moderate Buy" and an average price target of $430.09.

Talen Energy Stock Up 0.5%

Shares of Talen Energy stock opened at $317.60 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. Talen Energy Corporation has a 52-week low of $162.31 and a 52-week high of $451.28. The company has a market capitalization 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 company has a 50 day moving average of $358.76 and a 200 day moving average of $380.25.

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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