Talen Energy Corporation (NASDAQ:TLN) is Yost Capital Management LP's 3rd Largest Position

Yost Capital Management LP decreased its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,843 shares of the utilities provider's stock after selling 20,000 shares during the quarter. Talen Energy accounts for approximately 12.1% of Yost Capital Management LP's holdings, making the stock its 3rd biggest holding. Yost Capital Management LP owned 0.11% of Talen Energy worth $10,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLN. Altshuler Shaham Ltd acquired a new position in Talen Energy during the fourth quarter worth $248,000. Charter Oak Advisors LP bought a new stake in Talen Energy during the fourth quarter worth about $21,759,000. Guggenheim Capital LLC increased its holdings in shares of Talen Energy by 31.4% during the fourth quarter. Guggenheim Capital LLC now owns 1,935 shares of the utilities provider's stock worth $390,000 after buying an additional 462 shares in the last quarter. Barclays PLC boosted its holdings in shares of Talen Energy by 400.3% in the 4th quarter. Barclays PLC now owns 58,030 shares of the utilities provider's stock worth $11,692,000 after acquiring an additional 46,430 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC bought a new stake in Talen Energy during the 4th quarter worth approximately $330,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Trading Up 4.9 %

TLN stock traded up $9.33 during midday trading on Tuesday, hitting $200.70. The stock had a trading volume of 270,955 shares, compared to its average volume of 1,118,849. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $9.13 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The business has a fifty day moving average price of $204.70 and a two-hundred day moving average price of $200.80. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TLN shares. Bank of America started coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. UBS Group dropped their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $240.18.

Talen Energy Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.