De Lisle Partners LLP Invests $2.28 Million in Talen Energy Corporation $TLN

De Lisle Partners LLP bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,920 shares of the utilities provider’s stock, valued at approximately $2,276,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Advisory Services Network LLC purchased a new position in Talen Energy in the 3rd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 buying an additional 90 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Talen Energy during the second quarter valued at about $38,000. Silvant Capital Management LLC purchased a new position in shares of Talen Energy in the second quarter worth approximately $42,000. Finally, Bessemer Group Inc. increased its position in shares of 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 acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TLN. Scotiabank boosted their price target on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. Weiss Ratings cut shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Morgan Stanley cut their target price on shares of Talen Energy from $508.00 to $503.00 and set an “overweight” rating on the stock in a research note on Friday. Raymond James Financial restated an “outperform” rating and issued a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Finally, Jefferies Financial Group decreased their target price on Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $477.17.

Talen Energy Trading Down 0.8%

Shares of NASDAQ:TLN opened at $314.46 on Friday. The firm has a fifty day moving average of $369.15 and a two-hundred day moving average of $357.17. 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 Corporation has a 12-month low of $301.45 and a 12-month high of $451.28. The firm has a market capitalization of $15.07 billion, a P/E ratio of -75.41 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last posted its quarterly 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 during the quarter, compared to analyst estimates 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 expect that Talen Energy Corporation will post 25.07 EPS for the current fiscal year.

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).