Picton Mahoney Asset Management Makes New Investment in Talen Energy Corporation $TLN

Picton Mahoney Asset Management bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 45,746 shares of the utilities provider’s stock, valued at approximately $13,301,000. Picton Mahoney Asset Management owned 0.10% of Talen Energy as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of TLN. Brooklyn Investment Group bought a new position in shares of Talen Energy during the first quarter valued at approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in Talen Energy during the 2nd quarter valued at $27,000. MAI Capital Management increased its holdings in shares of Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 59 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy in the 1st quarter worth $35,000. Finally, IFP Advisors Inc lifted its stake in shares of Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

TLN opened at $380.49 on Tuesday. The company has a market cap of $17.38 billion, a P/E ratio of 82.36, a price-to-earnings-growth ratio of 1.99 and a beta of 1.83. 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 firm’s 50-day moving average price is $403.82 and its 200-day moving average price is $345.50. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28.

Talen Energy (NASDAQ:TLN) last released its 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. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $707.90 million. During the same period last year, the business earned $3.16 EPS. Talen Energy’s revenue for the quarter was up 24.9% on a year-over-year basis. As a group, equities analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analysts Set New Price Targets

TLN has been the topic of several analyst reports. Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Melius began coverage on shares of Talen Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price target on the stock. Zacks Research lowered shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Morgan Stanley decreased their target price 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, Evercore ISI raised their target price on shares of Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Talen Energy presently has a consensus 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.