Talen Energy Corporation $TLN Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd decreased its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 65.4% during the second quarter, Holdings Channel.com reports. The firm owned 2,945 shares of the utilities provider’s stock after selling 5,555 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Talen Energy were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new stake in Talen Energy during the second quarter worth $27,000. Signaturefd LLC increased its holdings in 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 buying an additional 93 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Talen Energy in the first quarter worth about $25,000. Golden State Wealth Management LLC boosted its stake in shares of Talen Energy by 5,100.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 153 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Talen Energy during the 1st quarter valued at about $35,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TLN has been the subject of a number of analyst reports. Scotiabank started coverage on Talen Energy in a report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 price target for the company. JPMorgan Chase & Co. upped their target price on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. UBS Group set a $431.00 price target on shares of Talen Energy and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Morgan Stanley decreased their price objective on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating on the stock in a report on Tuesday, October 28th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and an average price target of $395.07.

Talen Energy Trading Down 5.5%

Shares of TLN opened at $369.10 on Friday. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The stock has a market cap of $16.86 billion, a PE ratio of 79.89, a price-to-earnings-growth ratio of 2.40 and a beta of 1.83. The firm’s fifty day moving average is $405.05 and its two-hundred day moving average is $341.89. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.16 earnings per share. Research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Talen Energy Company Profile

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.