De Lisle Partners LLP Sells 3,200 Shares of Talen Energy Corporation $TLN

De Lisle Partners LLP lessened its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 31.4% in the fourth quarter, HoldingsChannel reports. The fund owned 7,000 shares of the utilities provider’s stock after selling 3,200 shares during the period. De Lisle Partners LLP’s holdings in Talen Energy were worth $2,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TLN. Amundi bought a new stake in shares of Talen Energy during the first quarter worth approximately $299,000. AQR Capital Management LLC acquired a new position in shares of Talen Energy during the 1st quarter worth approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Talen Energy by 11.7% during the 1st 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 in the last quarter. NewEdge Advisors LLC grew its position in shares of Talen Energy by 17,400.0% during the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Talen Energy by 15.3% during the 1st 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 purchasing an additional 6,498 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

NASDAQ TLN opened at $360.54 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32. The firm has a market capitalization of $16.37 billion, a price-to-earnings ratio of -538.11 and a beta of 1.80. The firm’s 50 day simple moving average is $356.99 and its 200 day simple moving average is $358.33. Talen Energy Corporation has a 1 year low of $255.50 and a 1 year high of $451.28.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TLN shares. Morgan Stanley restated an “overweight” rating and set a $499.00 target price on shares of Talen Energy in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their target price on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Finally, Barclays raised their price target on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $448.58.

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).