Penn Capital Management Company LLC Has $271,000 Stake in Talen Energy Corporation $TLN

Penn Capital Management Company LLC decreased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 79.3% during the 2nd quarter, Holdings Channel reports. The firm owned 706 shares of the utilities provider’s stock after selling 2,710 shares during the quarter. Penn Capital Management Company LLC’s holdings in Talen Energy were worth $271,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TLN. Advisory Services Network LLC acquired a new position in shares of Talen Energy during the 3rd quarter valued at $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 90 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Talen Energy during the 2nd quarter worth about $38,000. Bessemer Group Inc. boosted its position in shares of Talen Energy by 404.0% during the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 101 shares in the last quarter. Finally, Silvant Capital Management LLC acquired a new stake in shares of Talen Energy in the 2nd quarter valued at about $42,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $296.11 on Monday. The company has a market cap of $14.19 billion, a PE ratio of -71.01 and a beta of 1.90. Talen Energy Corporation has a 52 week low of $294.75 and a 52 week high of $451.28. The business has a 50 day moving average price of $358.05 and a 200-day moving average price of $356.15. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The company had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $832.81 million. Equities analysts anticipate that Talen Energy Corporation will post 21.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the transaction, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TLN. Susquehanna set a $449.00 price target on Talen Energy in a research note on Friday, August 7th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $560.00 target price on shares of Talen Energy in a research report on Wednesday, August 19th. Wall Street Zen cut Talen Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Finally, Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Talen Energy has an average rating of “Moderate Buy” and a consensus target price of $466.86.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).