Central Asset Investments & Management Holdings HK Ltd Increases Stock Holdings in Talen Energy Corporation $TLN

Central Asset Investments & Management Holdings HK Ltd boosted its stake in Talen Energy Corporation (NASDAQ:TLN) by 196.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,394 shares of the utilities provider’s stock after acquiring an additional 2,911 shares during the period. Talen Energy accounts for approximately 0.9% of Central Asset Investments & Management Holdings HK Ltd’s holdings, making the stock its 20th biggest holding. Central Asset Investments & Management Holdings HK Ltd’s holdings in Talen Energy were worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TLN. Wedbush Securities Inc. boosted its stake in shares of Talen Energy by 4.4% during the 1st quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 55 shares in the last quarter. IFP Advisors Inc lifted its holdings in Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after buying an additional 56 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in Talen Energy by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider’s stock valued at $678,000 after acquiring an additional 88 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 93 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Talen Energy during the 2nd quarter worth approximately $27,000. 0.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TLN. Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Wells Fargo & Company dropped their target price on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Evercore ISI increased their price target 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. Finally, Melius Research lifted their price target on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $395.07.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $374.55 on Wednesday. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The firm’s 50-day moving average is $407.79 and its 200 day moving average is $336.18. The stock has a market cap of $17.11 billion, a price-to-earnings ratio of 81.07, a PEG ratio of 2.42 and a beta of 1.83. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72.

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