Kayne Anderson Capital Advisors LP Sells 1,532 Shares of Talen Energy Corporation $TLN

Kayne Anderson Capital Advisors LP lessened its stake in Talen Energy Corporation (NASDAQ:TLN) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,141 shares of the utilities provider’s stock after selling 1,532 shares during the quarter. Kayne Anderson Capital Advisors LP owned about 0.05% of Talen Energy worth $7,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of Talen Energy by 33.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 38,312 shares of the utilities provider’s stock valued at $11,140,000 after acquiring an additional 9,692 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Talen Energy by 75.8% during the first quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider’s stock worth $3,495,000 after purchasing an additional 7,547 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in shares of Talen Energy during the first quarter worth $756,000. TCW Group Inc. bought a new stake in Talen Energy in the first quarter valued at about $9,266,000. Finally, Advisors Asset Management Inc. acquired a new position in Talen Energy in the first quarter valued at about $246,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ TLN opened at $368.65 on Tuesday. The firm’s 50 day moving average is $406.22 and its 200-day moving average is $340.31. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $16.84 billion, a PE ratio of 79.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.84. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.24. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The company had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $707.90 million. During the same quarter last year, the company earned $3.16 EPS. Talen Energy’s revenue for the quarter was up 24.9% compared to the same quarter last year. Equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

TLN has been the subject of several analyst reports. Evercore ISI boosted their target price on Talen Energy from $410.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. JPMorgan Chase & Co. upped their target price on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Scotiabank assumed coverage on shares of Talen Energy in a report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 target price on the stock. Zacks Research lowered shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Finally, Wells Fargo & Company lowered their price objective on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $395.07.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.