Talen Energy Corporation $TLN Stock: CenterBook Partners LP Raises Holdings

CenterBook Partners LP boosted its position in Talen Energy Corporation (NASDAQ:TLN) by 106.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,080 shares of the utilities provider’s stock after purchasing an additional 23,783 shares during the quarter. Talen Energy comprises about 0.6% of CenterBook Partners LP’s portfolio, making the stock its 24th biggest holding. CenterBook Partners LP owned approximately 0.10% of Talen Energy worth $14,409,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. acquired a new stake in shares of Talen Energy during the 2nd quarter worth approximately $4,132,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Talen Energy in the second quarter valued at about $5,118,000. Sax Wealth Advisors LLC acquired a new stake in Talen Energy during the 3rd quarter worth approximately $1,313,000. Silicon Valley Capital Partners acquired a new position in shares of Talen Energy during the second quarter worth $2,386,000. Finally, Tidal Investments LLC grew its position in shares of Talen Energy by 84.7% in the 2nd quarter. Tidal Investments LLC now owns 46,686 shares of the utilities provider’s stock valued at $17,940,000 after buying an additional 21,406 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

NASDAQ TLN traded up $22.41 during trading hours on Friday, hitting $338.64. The company’s stock had a trading volume of 1,266,140 shares, compared to its average volume of 1,123,219. Talen Energy Corporation has a 12 month low of $279.77 and a 12 month high of $449.84. The company’s 50 day simple moving average is $327.21 and its two-hundred day simple moving average is $348.44. 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 company has a market cap of $16.22 billion, a P/E ratio of -61.13 and a beta of 1.77.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Tuesday, November 3rd. The utilities provider reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $8.33 by ($5.45). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. During the same quarter in the prior year, the firm posted $4.25 earnings per share. As a group, sell-side analysts expect that Talen Energy Corporation will post 15.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TLN. The Goldman Sachs Group restated a “buy” rating and issued a $509.00 price target on shares of Talen Energy in a report on Monday, August 10th. Wells Fargo & Company reduced their target price on shares of Talen Energy from $501.00 to $479.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Zacks Research downgraded Talen Energy from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $560.00 price target on shares of Talen Energy in a report on Wednesday, August 19th. Finally, TD Cowen initiated coverage on Talen Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $475.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and a consensus target price of $458.69.

Talen Energy Company Profile

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.