Hussman Strategic Advisors Inc. Makes New $1.57 Million Investment in Talen Energy Corporation $TLN

Hussman Strategic Advisors Inc. bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,200 shares of the utilities provider’s stock, valued at approximately $1,574,000.

Several other institutional investors and hedge funds have also bought and sold shares of TLN. Flagship Harbor Advisors LLC purchased a new position in Talen Energy in the fourth quarter worth about $27,000. Assetmark Inc. boosted its position 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 last quarter. Neo Ivy Capital Management purchased a new position in Talen Energy in the third quarter worth about $34,000. Advisory Services Network LLC purchased a new position in Talen Energy in the third quarter worth about $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Talen Energy in the fourth quarter worth about $39,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on TLN shares. Morgan Stanley set a $498.00 target price on Talen Energy in a research report on Friday. Wells Fargo & Company lifted their price objective on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. BNP Paribas Exane started coverage on Talen Energy in a research report on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price objective on the stock. Finally, Barclays lowered their price objective on Talen Energy from $425.00 to $408.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Twelve 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $450.67.

Talen Energy Stock Performance

NASDAQ:TLN opened at $372.16 on Friday. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. Talen Energy Corporation has a 1 year low of $216.20 and a 1 year high of $451.28. The stock’s 50 day simple moving average is $339.39 and its two-hundred day simple moving average is $363.03. The company has a market cap of $16.90 billion, a price-to-earnings ratio of -75.34, a PEG ratio of 0.53 and a beta of 1.90.

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).