WINTON GROUP Ltd Trims Stake in Talen Energy Corporation $TLN

WINTON GROUP Ltd lessened its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 68.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,747 shares of the utilities provider’s stock after selling 12,556 shares during the quarter. WINTON GROUP Ltd’s holdings in Talen Energy were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Continuum Advisory LLC purchased a new stake in shares of Talen Energy in the 2nd quarter worth $33,000. Advisory Services Network LLC purchased a new position in Talen Energy during the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. grew its holdings in 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 stake in Talen Energy during the second quarter valued at about $38,000. Finally, Bessemer Group Inc. increased its position in Talen Energy by 404.0% in the first quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock worth $41,000 after buying an additional 101 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Insider Buying and Selling

In other Talen Energy news, Director Gizman Abbas sold 2,600 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director owned 2,606 shares of the company’s stock, valued at $990,280. This represents a 49.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by insiders.

Talen Energy Trading Up 0.4%

Talen Energy stock opened at $312.74 on Friday. Talen Energy Corporation has a 1 year low of $288.58 and a 1 year high of $451.28. The firm’s 50 day moving average price is $341.05 and its 200-day moving average price is $351.82. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55. The stock has a market cap of $14.98 billion, a P/E ratio of -75.00 and a beta of 1.84.

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

Wall Street Analyst Weigh In

TLN has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $509.00 price objective on shares of Talen Energy in a research note on Monday, August 10th. Wall Street Zen lowered shares of Talen Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BNP Paribas Exane restated an “outperform” rating and set a $560.00 target price on shares of Talen Energy in a research note on Wednesday, August 19th. Weiss Ratings downgraded shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Finally, Mizuho initiated coverage on shares of Talen Energy in a research report on Monday, August 24th. They issued an “outperform” rating and a $405.00 price target for the company. Eight 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $459.17.

Talen Energy Company Profile

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.