Transcend Capital Advisors LLC Cuts Position in Talen Energy Corporation $TLN

Transcend Capital Advisors LLC lessened its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 68.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 851 shares of the utilities provider’s stock after selling 1,823 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Talen Energy were worth $247,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fred Alger Management LLC boosted its holdings in shares of Talen Energy by 56.3% in the 1st quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock worth $297,937,000 after purchasing an additional 537,398 shares during the period. Third Point LLC purchased a new position in shares of Talen Energy in the 1st quarter worth approximately $116,807,000. American Century Companies Inc. boosted its holdings in shares of Talen Energy by 39.9% in the 1st quarter. American Century Companies Inc. now owns 399,604 shares of the utilities provider’s stock worth $79,789,000 after purchasing an additional 113,995 shares during the period. PointState Capital LP purchased a new position in shares of Talen Energy in the 1st quarter worth approximately $75,148,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Talen Energy in the 2nd quarter worth approximately $91,239,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TLN shares. Barclays cut their price objective on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Oppenheimer set a $315.00 price objective on shares of Talen Energy and gave the company an “outperform” rating in a research report on Friday, July 11th. Morgan Stanley cut their price objective on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating on the stock in a research report on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. Finally, Melius started coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.64.

Talen Energy Price Performance

TLN opened at $391.82 on Friday. The business has a fifty day moving average of $404.60 and a 200 day moving average of $323.71. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The stock has a market cap of $17.90 billion, a P/E ratio of 111.00, a PEG ratio of 2.08 and a beta of 1.88.

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

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.