Brevan Howard Capital Management LP Grows Stake in Talen Energy Corporation $TLN

Brevan Howard Capital Management LP lifted its position in Talen Energy Corporation (NASDAQ:TLN) by 379.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,585 shares of the utilities provider’s stock after purchasing an additional 6,796 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Talen Energy were worth $3,652,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. MAI Capital Management raised its holdings in shares of Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 59 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted 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 valued at $335,000 after acquiring an additional 59 shares during the last quarter. Main Management ETF Advisors LLC grew its holdings 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 worth $1,066,000 after purchasing an additional 60 shares in the last quarter. Assetmark Inc. increased its position in shares of 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 last quarter. Finally, Compound Planning Inc. increased its position in shares of Talen Energy by 8.8% in 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 during the last quarter. Institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TLN. Weiss Ratings lowered shares of 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 price target on shares of Talen Energy in a report on Friday, February 20th. Wells Fargo & Company raised their price objective 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. Finally, Barclays dropped their price objective on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Eleven investment 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 stock currently has an average rating of “Moderate Buy” and an average target price of $430.09.

Talen Energy Price Performance

Shares of Talen Energy stock opened at $317.60 on Tuesday. The company’s fifty day simple moving average is $358.76 and its two-hundred day simple moving average is $380.25. Talen Energy Corporation has a 12-month low of $162.31 and a 12-month high of $451.28. The firm has a market cap of $14.51 billion, a PE ratio of -64.29, a price-to-earnings-growth ratio of 0.45 and a beta of 1.94. 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 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).