Talen Energy Corporation $TLN Shares Sold by Two Seas Capital LP

Two Seas Capital LP decreased its holdings in Talen Energy Corporation (NASDAQ:TLN) by 58.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 300,698 shares of the utilities provider’s stock after selling 421,577 shares during the quarter. Talen Energy makes up about 1.5% of Two Seas Capital LP’s investment portfolio, making the stock its 6th largest position. Two Seas Capital LP owned approximately 0.66% of Talen Energy worth $87,434,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Talen Energy by 266.0% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 125 shares in the last quarter. Invesco Ltd. boosted its position in Talen Energy by 18.9% in the 2nd quarter. Invesco Ltd. now owns 599,010 shares of the utilities provider’s stock valued at $174,174,000 after buying an additional 95,147 shares during the last quarter. Trek Financial LLC acquired a new stake in shares of Talen Energy in the 2nd quarter valued at $3,169,000. Berbice Capital Management LLC acquired a new stake in shares of Talen Energy in the 2nd quarter valued at $49,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Talen Energy during the second quarter worth $251,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Trading Down 0.7%

TLN opened at $365.46 on Thursday. The firm’s fifty day moving average is $398.72 and its two-hundred day moving average is $351.72. The firm has a market cap of $16.70 billion, a PE ratio of 79.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.89. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29.

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 during the quarter, compared to analyst estimates of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The firm’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.16 EPS. Equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating for the company in a research report on Tuesday, October 28th. Evercore ISI lifted their target price on shares of Talen Energy from $410.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday, September 9th. Barclays dropped their target price on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $395.07.

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.