Talen Energy Corporation $TLN Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP lowered its holdings in Talen Energy Corporation (NASDAQ:TLN) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,141 shares of the utilities provider’s stock after selling 1,532 shares during the quarter. Kayne Anderson Capital Advisors LP owned 0.05% of Talen Energy worth $7,019,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Talen Energy in the second quarter valued at about $27,000. Signaturefd LLC grew its position in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 93 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Talen Energy in the first quarter valued at about $25,000. Golden State Wealth Management LLC grew its position in shares of Talen Energy by 5,100.0% in the second quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 153 shares during the period. Finally, LRI Investments LLC grew its position in shares of Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TLN. Wells Fargo & Company began coverage on shares of Talen Energy in a research note on Monday, October 27th. They issued an “overweight” rating and a $453.00 price target on the stock. Melius Research raised their price target on shares of Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. UBS Group set a $431.00 price target on shares of Talen Energy and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Evercore ISI lifted their target price on shares of Talen Energy from $410.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Talen Energy has an average rating of “Moderate Buy” and a consensus price target of $395.64.

Talen Energy Stock Performance

NASDAQ:TLN opened at $403.49 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The firm has a 50-day moving average price of $407.41 and a two-hundred day moving average price of $330.16. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The company has a market capitalization of $18.44 billion, a P/E ratio of 114.30, a price-to-earnings-growth ratio of 2.34 and a beta of 1.83.

Talen Energy (NASDAQ:TLN) last released its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The firm had revenue of $812.00 million during the quarter, compared to the consensus estimate of $707.90 million. During the same period in the previous year, the firm earned $3.16 earnings per share. Talen Energy’s revenue was up 24.9% compared to the same quarter last year. As a group, research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal 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.