8,312 Talen Energy Corporation $TLN Shares Purchased by RWC Asset Management LLP

RWC Asset Management LLP lifted its position in Talen Energy Corporation (NASDAQ:TLN) by 19.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,306 shares of the utilities provider’s stock after acquiring an additional 8,312 shares during the quarter. RWC Asset Management LLP’s holdings in Talen Energy were worth $15,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Talen Energy during the second quarter valued at approximately $1,673,803,000. MFN Partners Management LP bought a new stake in Talen Energy during the second quarter worth $1,152,780,000. Carronade Capital Management LP lifted its holdings in Talen Energy by 11.6% during the first quarter. Carronade Capital Management LP now owns 644,484 shares of the utilities provider’s stock worth $205,739,000 after acquiring an additional 67,245 shares during the period. Two Seas Capital LP purchased a new position in Talen Energy in the second quarter worth $194,900,000. Finally, William Blair Investment Management LLC purchased a new position in Talen Energy in the second quarter worth $191,231,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ:TLN traded down $3.51 during mid-day trading on Friday, hitting $327.91. 876,245 shares of the stock traded hands, compared to its average volume of 1,236,639. The business’s 50-day moving average price is $322.69 and its 200 day moving average price is $350.75. The company has a market cap of $15.71 billion, a PE ratio of -78.64 and a beta of 1.82. Talen Energy Corporation has a 12-month low of $279.77 and a 12-month high of $449.84. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data 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 positive return on equity of 43.32% and a negative net margin of 5.38%. The business had revenue of $959.00 million during the quarter, compared to analysts’ expectations of $832.81 million. On average, analysts expect that Talen Energy Corporation will post 21.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of research reports. Zacks Research downgraded shares of Talen Energy from a “hold” rating to a “strong sell” rating in a research report on Thursday. Weiss Ratings cut shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Scotiabank lifted their price target on shares of Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Barclays dropped their price objective on Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 28th. Finally, HSBC began coverage on Talen Energy in a research note on Thursday. They issued a “buy” rating and a $444.30 price objective on the stock. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and an average target price of $461.95.

Talen Energy Profile

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.