Itau Unibanco Holding S.A. Sells 4,200 Shares of Talen Energy Corporation $TLN

Itau Unibanco Holding S.A. trimmed its stake in Talen Energy Corporation (NASDAQ:TLN) by 80.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the utilities provider’s stock after selling 4,200 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Talen Energy were worth $291,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its position in shares of Talen Energy by 25.5% during the 2nd quarter. Cetera Investment Advisers now owns 4,247 shares of the utilities provider’s stock worth $1,235,000 after purchasing an additional 863 shares in the last quarter. Creative Planning acquired a new position in Talen Energy during the 2nd quarter worth approximately $466,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Talen Energy in the second quarter worth approximately $5,051,000. Thompson Davis & CO. Inc. bought a new position in Talen Energy in the second quarter worth approximately $308,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Talen Energy in the second quarter valued at approximately $5,034,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TLN shares. Wells Fargo & Company lowered their target price on Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, October 8th. Zacks Research cut shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Morgan Stanley reduced their price target on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating for the company in a research report on Tuesday, October 28th. Finally, Scotiabank assumed coverage on Talen Energy in a report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price objective for the company. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.07.

Talen Energy Stock Performance

Shares of TLN stock opened at $360.92 on Monday. The firm’s 50 day moving average is $406.52 and its 200 day moving average is $339.29. The stock has a market capitalization of $16.49 billion, a P/E ratio of 78.12, a PEG 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. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. The firm had revenue of $812.00 million during the quarter, compared to analyst estimates of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The business’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period last year, the company earned $3.16 earnings per share. On average, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

About Talen Energy

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.