Transcend Capital Advisors LLC Lowers Holdings in Talen Energy Corporation $TLN

Transcend Capital Advisors LLC trimmed its position in Talen Energy Corporation (NASDAQ:TLN) by 68.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 851 shares of the utilities provider’s stock after selling 1,823 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Talen Energy were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TLN. Signaturefd LLC lifted its holdings in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after buying an additional 93 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Talen Energy in the 1st quarter worth $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Talen Energy in the 1st quarter worth $35,000. LRI Investments LLC lifted its holdings in shares of Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock worth $35,000 after buying an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Talen Energy in the 1st quarter worth $35,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Down 1.7%

Shares of NASDAQ:TLN opened at $391.82 on Friday. The business’s 50-day moving average is $404.60 and its 200 day moving average is $323.71. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The firm has a market capitalization of $17.90 billion, a P/E ratio of 111.00, a P/E/G ratio of 2.08 and a beta of 1.88. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The company had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. On average, research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TLN has been the subject of several recent research reports. Wall Street Zen raised Talen Energy from a “sell” rating to a “hold” rating in a research report on Monday, August 11th. Wells Fargo & Company initiated coverage on Talen Energy in a research report on Monday. They issued an “overweight” rating and a $453.00 price target for the company. Jefferies Financial Group boosted their price target on Talen Energy from $326.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Melius initiated coverage on Talen Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and an average target price of $395.64.

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.