Talen Energy Corporation $TLN Shares Newly Bought by Generate Investment Management Ltd

Generate Investment Management Ltd purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 100,000 shares of the utilities provider’s stock, valued at approximately $31,269,000. Talen Energy comprises about 1.2% of Generate Investment Management Ltd’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of 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 purchased a new position in shares of Talen Energy in the second quarter valued at about $1,152,780,000. Two Seas Capital LP purchased a new position in shares of Talen Energy in the second quarter valued at about $194,900,000. William Blair Investment Management LLC purchased a new position in shares of Talen Energy in the second quarter valued at about $191,231,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Talen Energy during the second quarter valued at about $111,768,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Down 4.6%

NASDAQ:TLN traded down $17.41 during trading hours on Wednesday, hitting $364.73. The company had a trading volume of 394,114 shares, compared to its average volume of 849,867. 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 stock has a 50-day moving average price of $323.03 and a 200 day moving average price of $349.54. The company has a market capitalization of $17.47 billion, a PE ratio of -87.29 and a beta of 1.82. Talen Energy Corporation has a 52 week low of $279.77 and a 52 week high of $449.84.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate 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 company had revenue of $959.00 million during the quarter, compared to the consensus estimate of $832.81 million. On average, equities research analysts predict that Talen Energy Corporation will post 21.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Susquehanna set a $449.00 target price on shares of Talen Energy in a report on Friday, August 7th. New Street Research set a $405.00 price target on Talen Energy in a report on Monday, August 24th. Wall Street Zen lowered Talen Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Wells Fargo & Company upped their price target on Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $460.08.

Talen Energy Profile

Talen Energy Corporation (NASDAQ: TLN) is an independent power producer that owns and operates a portfolio of electricity-generation facilities in the United States. The company supplies power and related services to wholesale electricity markets, utilities, commercial customers and other counterparties.

Talen’s generation portfolio includes the Susquehanna nuclear power plant in Pennsylvania, one of the largest nuclear facilities in the country, as well as natural gas-fired and other generating assets.