Talen Energy Corporation $TLN Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in Talen Energy Corporation (NASDAQ:TLN) by 368.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,765 shares of the utilities provider’s stock after buying an additional 26,561 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.07% of Talen Energy worth $9,818,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in Talen Energy by 75.8% in the first quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider’s stock valued at $3,495,000 after acquiring an additional 7,547 shares during the period. Crescent Grove Advisors LLC acquired a new stake in shares of Talen Energy during the 1st quarter valued at approximately $285,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Talen Energy during the 1st quarter valued at approximately $756,000. TCW Group Inc. acquired a new position in Talen Energy during the first quarter worth $9,266,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Talen Energy during the 1st quarter worth $246,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Up 6.3%

Shares of TLN opened at $407.81 on Monday. The stock has a fifty day moving average of $402.03 and a two-hundred day moving average of $319.03. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. The company has a market capitalization of $18.63 billion, a PE ratio of 115.53, a price-to-earnings-growth ratio of 2.09 and a beta of 1.88. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of ($1.13) by $2.63. The company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. As a group, analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TLN shares. Oppenheimer set a $315.00 price target on Talen Energy and gave the stock an “outperform” rating in a research note on Friday, July 11th. Zacks Research cut shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Scotiabank started coverage on Talen Energy in a research report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price objective for the company. Melius began coverage on Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price objective for the company. Finally, UBS Group set a $431.00 price target on Talen Energy and gave the stock a “buy” rating in a report on Friday, July 25th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Talen Energy has an average rating of “Moderate Buy” and a consensus price target of $391.31.

About Talen Energy

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.