Talen Energy Corporation $TLN Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 2.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,852 shares of the utilities provider’s stock after selling 49 shares during the period. Parcion Private Wealth LLC’s holdings in Talen Energy were worth $539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wedbush Securities Inc. boosted its position in Talen Energy by 4.4% during the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 55 shares during the last quarter. IFP Advisors Inc boosted its position in Talen Energy by 42.4% during the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 56 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in Talen Energy by 2.7% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider’s stock worth $678,000 after acquiring an additional 88 shares during the last quarter. Signaturefd LLC boosted its position in Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 93 shares during the last quarter. Finally, LRI Investments LLC boosted its position in Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 111 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Scotiabank initiated coverage on shares of Talen Energy in a research report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $442.00 target price on shares of Talen Energy in a report on Wednesday. Barclays decreased their target price on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating on the stock in a report on Tuesday. Wall Street Zen raised shares of Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $391.31.

Talen Energy Trading Down 0.4%

NASDAQ TLN opened at $380.69 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. Talen Energy Corporation has a 52 week low of $158.08 and a 52 week high of $451.28. The stock has a market capitalization of $17.39 billion, a PE ratio of 107.84, a price-to-earnings-growth ratio of 2.10 and a beta of 1.88. The firm has a 50 day moving average of $401.37 and a two-hundred day moving average of $314.35.

Talen Energy (NASDAQ:TLN) last issued 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 net margin of 8.75% and a return on equity of 17.81%. The business had revenue of $630.00 million during the quarter, compared to analysts’ expectations of $481.48 million. As a group, research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

About Talen Energy

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.