Talen Energy Corporation $TLN Stock: RWC Asset Management LLP Boosts Holdings

RWC Asset Management LLP boosted its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 19.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,306 shares of the utilities provider’s stock after buying an additional 8,312 shares during the quarter. RWC Asset Management LLP owned approximately 0.11% of Talen Energy worth $15,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Talen Energy in the second quarter valued at about $1,673,803,000. MFN Partners Management LP acquired a new position in shares of Talen Energy in the second quarter worth approximately $1,152,780,000. Two Seas Capital LP acquired a new position in shares of Talen Energy in the second quarter worth approximately $194,900,000. William Blair Investment Management LLC bought a new stake in Talen Energy in the second quarter valued at approximately $191,231,000. Finally, Bank of New York Mellon Corp bought a new stake in Talen Energy in the second quarter valued at approximately $111,768,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Down 1.1%

NASDAQ TLN traded down $3.51 on Friday, hitting $327.91. 876,245 shares of the company were exchanged, compared to its average volume of 1,236,639. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. The company has a market cap of $15.71 billion, a PE ratio of -78.64 and a beta of 1.82. The stock has a fifty day moving average of $322.69 and a 200-day moving average of $350.75. Talen Energy Corporation has a 12 month low of $279.77 and a 12 month high of $449.84.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The firm had revenue of $959.00 million during the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. As a group, analysts forecast that Talen Energy Corporation will post 21.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TLN. Wells Fargo & Company lifted their target price on shares of Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. New Street Research set a $405.00 price target on shares of Talen Energy in a research report on Monday, August 24th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $560.00 price target on shares of Talen Energy in a research report on Wednesday, August 19th. The Goldman Sachs Group reiterated a “buy” rating and set a $509.00 price target on shares of Talen Energy in a report on Monday, August 10th. Finally, Mizuho assumed coverage on Talen Energy in a research report on Monday, August 24th. They issued an “outperform” rating and a $405.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $461.95.

Talen Energy Company Profile

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.