Quantinno Capital Management LP Has $2.80 Million Holdings in Talen Energy Corporation $TLN

Quantinno Capital Management LP lifted its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 42.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,781 shares of the utilities provider’s stock after acquiring an additional 2,598 shares during the quarter. Quantinno Capital Management LP’s holdings in Talen Energy were worth $2,803,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TLN. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Talen Energy by 1,526.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock valued at $9,766,000 after purchasing an additional 24,452 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Talen Energy by 400.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 14,105 shares of the utilities provider’s stock valued at $5,287,000 after buying an additional 11,287 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Talen Energy by 116.8% in the 4th quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider’s stock valued at $2,419,000 after acquiring an additional 3,477 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Talen Energy in the fourth quarter valued at $50,324,000. Finally, US Bancorp DE raised its stake in shares of Talen Energy by 4.3% in the 4th quarter. US Bancorp DE now owns 105,848 shares of the utilities provider’s stock valued at $39,676,000 after buying an additional 4,407 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TLN. Morgan Stanley reissued an “overweight” rating and issued a $508.00 target price on shares of Talen Energy in a report on Wednesday, June 24th. Wall Street Zen cut Talen Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research note on Monday, April 27th. Wells Fargo & Company raised their target price on Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Zacks Research raised shares of Talen Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and a consensus target price of $475.75.

Talen Energy Price Performance

NASDAQ:TLN opened at $347.71 on Monday. 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 $16.66 billion, a P/E ratio of -83.38 and a beta of 1.90. The stock’s fifty day simple moving average is $373.84 and its 200-day simple moving average is $358.61.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.21 by ($5.21). The company had revenue of $747.00 million for 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%. Equities research analysts expect that Talen Energy Corporation will post 26.42 earnings per share for the current year.

Insider Transactions at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the 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 completion of the sale, the director directly owned 2,606 shares in the company, valued at $990,280. This represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.78% of the company’s stock.

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).