Talen Energy Corporation $TLN Shares Newly Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, Holdings Channel reports. The fund purchased 14,595 shares of the utilities provider’s stock, valued at approximately $4,564,000.

Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Talen Energy during the 2nd quarter worth approximately $1,673,803,000. MFN Partners Management LP purchased a new stake in Talen Energy in the 2nd quarter valued at approximately $1,152,780,000. Fred Alger Management LLC grew its holdings in Talen Energy by 8.4% during the 4th quarter. Fred Alger Management LLC now owns 1,804,094 shares of the utilities provider’s stock valued at $676,247,000 after buying an additional 140,345 shares during the last quarter. Carronade Capital Management LP grew its holdings in Talen Energy by 11.6% during the 1st quarter. Carronade Capital Management LP now owns 644,484 shares of the utilities provider’s stock valued at $205,739,000 after buying an additional 67,245 shares during the last quarter. Finally, Two Seas Capital LP acquired a new stake in Talen Energy during the 2nd quarter valued at $194,900,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings downgraded Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Scotiabank increased their price objective on Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $509.00 price objective on shares of Talen Energy in a research report on Monday, August 10th. Morgan Stanley boosted their target price on shares of Talen Energy from $503.00 to $514.00 and gave the company an “overweight” rating in a research note on Friday, September 18th. Finally, 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 target price for the company. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Talen Energy presently has a consensus rating of “Moderate Buy” and an average price target of $460.08.

Talen Energy Trading Down 6.2%

NASDAQ TLN traded down $23.72 during mid-day trading on Wednesday, reaching $358.42. 1,128,847 shares of the stock were exchanged, compared to its average volume of 853,723. Talen Energy Corporation has a 1-year low of $279.77 and a 1-year high of $449.84. The business’s fifty day simple moving average is $323.03 and its 200 day simple moving average is $349.54. The stock has a market capitalization of $17.17 billion, a PE ratio of -85.95 and a beta of 1.82. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78.

Talen Energy (NASDAQ:TLN) last released its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate of $3.21 by ($5.21). The firm had revenue of $959.00 million during the quarter, compared to analysts’ expectations of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. On average, research analysts anticipate that Talen Energy Corporation will post 21.99 earnings per share for the current fiscal year.

About Talen Energy

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.