UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Talen Energy Corporation $TLN

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Talen Energy Corporation (NASDAQ:TLN) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,487 shares of the utilities provider’s stock after purchasing an additional 5,945 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Talen Energy worth $27,085,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TLN. Advisory Services Network LLC bought a new position in Talen Energy in the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after buying an additional 90 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Talen Energy during the 2nd quarter valued at about $38,000. Bessemer Group Inc. lifted its position in Talen Energy by 404.0% in the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock worth $41,000 after buying an additional 101 shares during the last quarter. Finally, Silvant Capital Management LLC purchased a new stake in Talen Energy in the second quarter worth approximately $42,000. 0.38% of the stock is currently owned by institutional investors.

Insider Activity at Talen Energy

In other news, Director Gizman Abbas sold 2,600 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director directly owned 2,606 shares of the company’s stock, valued at approximately $990,280. This represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TLN. Zacks Research cut shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Weiss Ratings downgraded shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. BNP Paribas Exane restated an “outperform” rating and set a $560.00 price target on shares of Talen Energy in a research report on Wednesday, August 19th. Susquehanna set a $449.00 price objective on Talen Energy in a research note on Friday, August 7th. Finally, Mizuho assumed coverage on Talen Energy in a report on Monday, August 24th. They issued an “outperform” rating and a $405.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $466.86.

Talen Energy Stock Up 1.2%

Shares of Talen Energy stock opened at $305.52 on Friday. 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 Corporation has a 52-week low of $288.58 and a 52-week high of $451.28. The company’s 50 day moving average price is $348.53 and its 200-day moving average price is $354.32. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of -73.27 and a beta of 1.84.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The firm had revenue of $747.00 million for the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. Equities research analysts forecast that Talen Energy Corporation will post 21.99 EPS for the current year.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).