De Lisle Partners LLP Acquires New Stake in Talen Energy Corporation $TLN

De Lisle Partners LLP acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 7,500 shares of the utilities provider’s stock, valued at approximately $2,182,000.

Other hedge funds also recently made changes to their positions in the company. Third Point LLC purchased a new stake in shares of Talen Energy in the first quarter valued at about $116,807,000. Norges Bank acquired a new position in Talen Energy during the 2nd quarter worth approximately $168,188,000. Fred Alger Management LLC raised its stake in shares of Talen Energy by 56.3% during the 1st quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock worth $297,937,000 after buying an additional 537,398 shares in the last quarter. PointState Capital LP purchased a new position in shares of Talen Energy during the 1st quarter worth approximately $75,148,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Talen Energy in the 2nd quarter valued at approximately $91,239,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Morgan Stanley decreased their price objective on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating on the stock in a report on Tuesday, October 28th. Scotiabank began coverage on shares of Talen Energy in a report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 target price for the company. Finally, Wells Fargo & Company reduced their price target on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $395.07.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $394.08 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The company’s 50-day moving average price is $401.85 and its 200 day moving average price is $349.07. Talen Energy Corporation has a 52 week low of $158.08 and a 52 week high of $451.28. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 85.30, a PEG ratio of 2.15 and a beta of 1.83.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.24. The company had revenue of $812.00 million for the quarter, compared to the consensus estimate of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.16 earnings per share. As a group, research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

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.