Diversify Advisory Services LLC lessened its position in Talen Energy Corporation (NASDAQ:TLN – Free Report) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,582 shares of the utilities provider’s stock after selling 2,649 shares during the period. Diversify Advisory Services LLC’s holdings in Talen Energy were worth $10,188,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Talen Energy in the second quarter worth $1,673,803,000. MFN Partners Management LP bought a new position in shares of Talen Energy during the second quarter worth $1,152,780,000. Two Seas Capital LP bought a new position in shares of Talen Energy during the second quarter worth $194,900,000. William Blair Investment Management LLC acquired a new position in shares of Talen Energy in the 2nd quarter valued at $191,231,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Talen Energy in the 2nd quarter valued at $111,768,000. Institutional investors own 0.38% of the company’s stock.
Analyst Upgrades and Downgrades
TLN has been the subject of a number of recent analyst reports. Susquehanna set a $449.00 price objective on shares of Talen Energy in a research report on Friday, August 7th. Wall Street Zen downgraded Talen Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Canadian Imperial Bank of Commerce began coverage on Talen Energy in a report on Thursday, October 15th. They set a “sector outperform” rating and a $499.00 target price on the stock. Wells Fargo & Company lifted their target price on Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, BNP Paribas Exane reissued an “outperform” rating and issued a $560.00 target price on shares of Talen Energy in a research note on Wednesday, August 19th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $463.08.
Read Our Latest Analysis on Talen Energy
Talen Energy Price Performance
NASDAQ TLN opened at $349.43 on Wednesday. The business has a 50 day simple moving average of $324.04 and a 200 day simple moving average of $350.66. Talen Energy Corporation has a 52-week low of $279.77 and a 52-week high of $449.84. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of -83.80 and a beta of 1.82.
Talen Energy (NASDAQ:TLN – Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. The company had revenue of $959.00 million for the quarter, compared to analyst estimates of $832.81 million. Analysts anticipate that Talen Energy Corporation will post 21.83 earnings per share for the current fiscal year.
About Talen Energy
Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.
Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.
The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.
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