Entropy Technologies LP Purchases 1,474 Shares of Talen Energy Corporation $TLN

Entropy Technologies LP grew its holdings in Talen Energy Corporation (NASDAQ:TLN) by 20.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,591 shares of the utilities provider’s stock after purchasing an additional 1,474 shares during the quarter. Entropy Technologies LP’s holdings in Talen Energy were worth $2,743,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Talen Energy during the 1st quarter worth about $3,033,000. Compound Planning Inc. boosted its stake in Talen Energy by 5.7% during the 1st quarter. Compound Planning Inc. now owns 889 shares of the utilities provider’s stock valued at $284,000 after purchasing an additional 48 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Talen Energy by 69.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 275,105 shares of the utilities provider’s stock valued at $87,822,000 after buying an additional 112,317 shares during the last quarter. Arrow Capital Management LLC grew its holdings in Talen Energy by 15.3% in the 1st quarter. Arrow Capital Management LLC now owns 32,340 shares of the utilities provider’s stock valued at $10,324,000 after buying an additional 4,296 shares during the last quarter. Finally, Inceptionr LLC bought a new position in Talen Energy in the 1st quarter worth approximately $955,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Performance

Shares of TLN stock opened at $359.90 on Monday. The firm has a fifty day moving average of $379.23 and a 200-day moving average of $361.58. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of -537.16 and a beta of 1.82. Talen Energy Corporation has a 52-week low of $301.45 and a 52-week high of $451.28. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TLN shares. Raymond James Financial reiterated an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th. The Goldman Sachs Group started coverage on shares of Talen Energy in a research note on Thursday, June 18th. They issued a “buy” rating and a $499.00 price objective on the stock. Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Jefferies Financial Group dropped their target price on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Finally, Scotiabank upped their target price on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and an average price target of $476.27.

Insiders Place Their Bets

In related news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the sale, the director owned 2,606 shares of the company’s stock, valued at $990,280. The trade was a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.78% of the stock is currently owned by insiders.

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).