Value Aligned Research Advisors LLC Decreases Stock Holdings in Talen Energy Corporation $TLN

Value Aligned Research Advisors LLC lowered its stake in Talen Energy Corporation (NASDAQ:TLN) by 74.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 17,716 shares of the utilities provider’s stock after selling 51,987 shares during the quarter. Value Aligned Research Advisors LLC’s holdings in Talen Energy were worth $6,808,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 position in shares of Talen Energy by 1,500.0% in 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. purchased a new stake in shares of Talen Energy during the second quarter worth about $38,000. Silvant Capital Management LLC purchased a new stake in shares of Talen Energy during the second quarter worth about $42,000. Finally, Bessemer Group Inc. raised 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 during the last quarter. Hedge funds and other institutional investors 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 firm’s stock in a transaction that occurred on Monday, June 15th. The shares were 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 trade represents a 49.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.78% of the stock is owned by company insiders.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $304.58 on Friday. The firm has a 50-day simple moving average of $360.85 and a 200-day simple moving average of $356.56. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of -73.04 and a beta of 1.90. 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 52 week low of $300.51 and a 52 week high of $451.28.

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). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%.The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. On average, equities analysts predict that Talen Energy Corporation will post 21.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TLN. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $560.00 price target on shares of Talen Energy in a research note on Wednesday, August 19th. Scotiabank boosted their price objective on Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Morgan Stanley reduced their target price on Talen Energy from $508.00 to $503.00 and set an “overweight” rating for the company in a report on Friday, August 21st. Jefferies Financial Group decreased their target price on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $509.00 target price on shares of Talen Energy in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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).