Talen Energy Corporation $TLN Shares Sold by Value Aligned Research Advisors LLC

Value Aligned Research Advisors LLC lessened its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 74.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,716 shares of the utilities provider’s stock after selling 51,987 shares during the period. Value Aligned Research Advisors LLC’s holdings in Talen Energy were worth $6,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TLN. Brasada Capital Management LP purchased a new stake in shares of Talen Energy in the second quarter valued at about $288,000. Jefferies Financial Group Inc. purchased a new position in Talen Energy during the second quarter worth about $868,000. Public Employees Retirement System of Ohio acquired a new position in Talen Energy in the 2nd quarter valued at about $4,935,000. Corient Private Wealth LP purchased a new stake in shares of Talen Energy in the 2nd quarter valued at approximately $560,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of Talen Energy in the 2nd quarter valued at approximately $273,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Scotiabank lifted their price target on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Weiss Ratings lowered Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Wall Street Zen lowered Talen Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. New Street Research set a $405.00 target price on Talen Energy in a research note on Monday. Finally, Mizuho started coverage on Talen Energy in a research report on Monday. They issued an “outperform” rating and a $405.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $466.86.

Talen Energy Trading Down 0.6%

Shares of TLN stock opened at $304.58 on Friday. Talen Energy Corporation has a 1-year low of $300.51 and a 1-year high of $451.28. The firm has a market cap of $14.59 billion, a PE ratio of -73.04 and a beta of 1.90. The company has a 50-day moving average of $360.85 and a two-hundred day moving average of $356.56. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The company had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $832.81 million. On average, analysts predict that Talen Energy Corporation will post 21.99 EPS for the current year.

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).