HighVista Strategies LLC Has $1.72 Million Stock Position in Talen Energy Corporation $TLN

HighVista Strategies LLC lessened its holdings in Talen Energy Corporation (NASDAQ:TLN) by 23.4% during the second quarter, HoldingsChannel reports. The firm owned 5,900 shares of the utilities provider’s stock after selling 1,800 shares during the quarter. HighVista Strategies LLC’s holdings in Talen Energy were worth $1,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. MAI Capital Management lifted its holdings in shares of Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 59 shares during the last quarter. Main Management ETF Advisors LLC raised its position in Talen Energy by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock valued at $1,066,000 after purchasing an additional 60 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Talen Energy by 4.8% during the second quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 63 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Talen Energy during the second quarter worth about $27,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Talen Energy by 18.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 651 shares of the utilities provider’s stock valued at $189,000 after buying an additional 100 shares during the period. 0.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TLN has been the topic of a number of research reports. Barclays reduced their target price on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Wells Fargo & Company decreased their price objective on Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Melius assumed coverage on Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 target price for the company. Zacks Research lowered Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Finally, Morgan Stanley cut their price objective on Talen Energy from $442.00 to $441.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 28th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $395.07.

Talen Energy Stock Performance

Shares of TLN stock opened at $358.50 on Thursday. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02. Talen Energy Corporation has a 52 week low of $158.08 and a 52 week high of $451.28. The firm has a 50 day moving average of $392.47 and a 200-day moving average of $355.80. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 77.60, a price-to-earnings-growth ratio of 1.90 and a beta of 1.89.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 EPS 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 firm had revenue of $812.00 million during the quarter, compared to the consensus estimate of $707.90 million. During the same quarter in the previous year, the company posted $3.16 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis. On average, equities analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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.