Jupiter Topco LLC Makes New Investment in Talen Energy Corporation $TLN

Jupiter Topco LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 48,816 shares of the utilities provider’s stock, valued at approximately $18,765,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in Talen Energy during the 3rd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 90 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Talen Energy in the 2nd quarter valued at about $38,000. Bessemer Group Inc. grew its position in Talen Energy by 404.0% in the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 101 shares in the last quarter. Finally, Silvant Capital Management LLC purchased a new stake in Talen Energy during the second quarter worth about $42,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $509.00 target price on shares of Talen Energy in a research note on Monday, August 10th. Mizuho initiated coverage on shares of Talen Energy in a report on Monday, August 24th. They set an “outperform” rating and a $405.00 target price on the stock. Jefferies Financial Group dropped their price target on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Finally, Morgan Stanley cut their price objective on Talen Energy from $508.00 to $503.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Talen Energy presently has a consensus rating of “Moderate Buy” and an average target price of $466.86.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $296.11 on Friday. Talen Energy Corporation has a one year low of $294.75 and a one year high of $451.28. The company has a market cap of $14.19 billion, a PE ratio of -71.01 and a beta of 1.90. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The business has a 50-day simple moving average of $358.05 and a 200-day simple moving average of $356.13.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $747.00 million during the quarter, compared to analyst estimates of $832.81 million. On average, equities research analysts forecast that Talen Energy Corporation will post 21.99 EPS for the current fiscal year.

Insider Activity at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the 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 sale, the director directly owned 2,606 shares of the company’s stock, valued at approximately $990,280. This represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate 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).