WINTON GROUP Ltd Sells 12,556 Shares of Talen Energy Corporation $TLN

WINTON GROUP Ltd trimmed its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 68.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,747 shares of the utilities provider’s stock after selling 12,556 shares during the quarter. WINTON GROUP Ltd’s holdings in Talen Energy were worth $2,208,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Talen Energy in the 2nd quarter worth approximately $4,132,000. Ninepoint Partners LP bought a new stake in Talen Energy in the second quarter worth $1,694,000. 180 GPS Investments IC Ltd bought a new stake in Talen Energy in the second quarter worth $8,636,000. Diversify Advisory Services LLC bought a new position in Talen Energy during the second quarter valued at $12,228,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Talen Energy in the second quarter valued at $1,213,000. Institutional investors own 0.38% of the company’s stock.

Insider Activity at Talen Energy

In other news, Director Gizman Abbas sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the sale, the director owned 2,606 shares of the company’s stock, valued at $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TLN has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Mizuho started coverage on shares of Talen Energy in a research note on Monday, August 24th. They issued an “outperform” rating and a $405.00 price objective for the company. Scotiabank increased their price target on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Zacks Research cut Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $509.00 price target on shares of Talen Energy in a report on Monday, August 10th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $459.17.

Talen Energy Stock Up 0.4%

Shares of TLN opened at $312.74 on Friday. Talen Energy Corporation has a 52 week low of $288.58 and a 52 week high of $451.28. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of -75.00 and a beta of 1.84. The stock’s 50-day moving average price is $341.05 and its 200-day moving average price is $351.82.

Talen Energy (NASDAQ:TLN) last announced its quarterly 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 company had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $832.81 million. On average, sell-side analysts predict that Talen Energy Corporation will post 21.99 EPS for the current year.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.