Greenland Capital Management LP Acquires New Holdings in Talen Energy Corporation $TLN

Greenland Capital Management LP bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,645 shares of the utilities provider’s stock, valued at approximately $1,060,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLN. Third Point LLC bought a new stake in shares of Talen Energy in the 1st quarter valued at $116,807,000. Fred Alger Management LLC increased its holdings in shares of Talen Energy by 56.3% in the first quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock worth $297,937,000 after acquiring an additional 537,398 shares in the last quarter. PointState Capital LP bought a new stake in shares of Talen Energy in the first quarter worth about $75,148,000. Assenagon Asset Management S.A. acquired a new stake in shares of Talen Energy during the second quarter worth about $91,239,000. Finally, Ameriprise Financial Inc. raised its position in shares of Talen Energy by 6,621.1% during the first quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider’s stock worth $60,638,000 after purchasing an additional 299,143 shares during the period. 0.38% of the stock is owned by institutional investors.

Talen Energy Price Performance

Shares of TLN opened at $390.51 on Thursday. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 84.53, a PEG ratio of 2.30 and a beta of 1.83. The company’s fifty day simple moving average is $405.68 and its 200 day simple moving average is $341.70. Talen Energy Corporation has a 1-year low of $158.08 and a 1-year high of $451.28. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. The business had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.Talen Energy’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company posted $3.16 earnings per share. On average, research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Wells Fargo & Company lowered their target price on Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Wall Street Zen raised Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Melius started 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, Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and an average target price of $395.07.

Talen Energy Company 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.