2,268 Talen Energy Corporation $TLN Shares Sold by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. decreased its position in Talen Energy Corporation (NASDAQ:TLN) by 60.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,493 shares of the utilities provider’s stock after selling 2,268 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Talen Energy were worth $467,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Talen Energy in the second quarter valued at approximately $4,132,000. Ninepoint Partners LP purchased a new stake in shares of Talen Energy during the second quarter valued at approximately $1,694,000. Tidal Investments LLC lifted its holdings in Talen Energy by 84.7% during the second quarter. Tidal Investments LLC now owns 46,686 shares of the utilities provider’s stock worth $17,940,000 after acquiring an additional 21,406 shares during the period. Silicon Valley Capital Partners bought a new stake in Talen Energy during the second quarter worth $2,386,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Talen Energy in the second quarter worth $5,118,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Down 1.3%

Talen Energy stock opened at $353.60 on Friday. Talen Energy Corporation has a twelve month low of $279.77 and a twelve month high of $449.84. The firm has a 50 day moving average price of $323.91 and a 200-day moving average price of $349.99. The company has a market capitalization of $16.94 billion, a P/E ratio of -84.80 and a beta of 1.82. 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 posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) 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 firm had revenue of $959.00 million during the quarter, compared to analysts’ expectations of $832.81 million. As a group, equities analysts predict that Talen Energy Corporation will post 21.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TLN shares. Jefferies Financial Group reduced their price objective on Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Susquehanna set a $449.00 target price on Talen Energy in a research note on Friday, August 7th. Wall Street Zen cut Talen Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Mizuho started coverage on shares of Talen Energy in a report on Monday, August 24th. They issued an “outperform” rating and a $405.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of Talen Energy from $503.00 to $514.00 and gave the stock an “overweight” rating in a report on Friday, September 18th. Nine 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $460.08.

Talen Energy Profile

Talen Energy Corporation (NASDAQ: TLN) is an independent power producer that owns and operates a portfolio of electricity-generation facilities in the United States. The company supplies power and related services to wholesale electricity markets, utilities, commercial customers and other counterparties.

Talen’s generation portfolio includes the Susquehanna nuclear power plant in Pennsylvania, one of the largest nuclear facilities in the country, as well as natural gas-fired and other generating assets.