507,208 Shares in Talen Energy Corporation $TLN Bought by Two Seas Capital LP

Two Seas Capital LP acquired a new position in Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 507,208 shares of the utilities provider’s stock, valued at approximately $194,900,000. Talen Energy makes up approximately 3.9% of Two Seas Capital LP’s investment portfolio, making the stock its 5th biggest holding. Two Seas Capital LP owned approximately 1.06% of Talen Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amundi bought a new stake in shares of Talen Energy during the 1st quarter valued at $299,000. AQR Capital Management LLC purchased a new stake in shares of Talen Energy in the 1st quarter worth about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Talen Energy by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after buying an additional 761 shares during the period. NewEdge Advisors LLC increased its stake in shares of Talen Energy by 17,400.0% in the 1st quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Talen Energy by 15.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after acquiring an additional 6,498 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TLN. The Goldman Sachs Group reissued a “buy” rating and set a $509.00 price objective on shares of Talen Energy in a research note on Monday, August 10th. Scotiabank raised their target price on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. Wells Fargo & Company raised their target price on shares of Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Barclays lowered their target price on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a report on Tuesday, July 28th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $477.17.

Talen Energy Price Performance

TLN opened at $314.46 on Friday. The stock has a 50-day moving average price of $369.15 and a 200-day moving average price of $357.17. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55. The firm has a market cap of $15.07 billion, a PE ratio of -75.41 and a beta of 1.90. Talen Energy Corporation has a 1 year low of $301.45 and a 1 year high of $451.28.

Talen Energy (NASDAQ:TLN) last announced 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 positive return on equity of 43.32% and a negative net margin of 5.38%.The firm had revenue of $747.00 million during the quarter, compared to the consensus estimate of $832.81 million. Sell-side analysts predict that Talen Energy Corporation will post 25.07 earnings per share for the current fiscal year.

Insider Transactions at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction dated 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 transaction, the director directly owned 2,606 shares of the company’s stock, valued at approximately $990,280. The trade was a 49.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

About Talen Energy

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).