5,920 Shares in Talen Energy Corporation $TLN Acquired by De Lisle Partners LLP

De Lisle Partners LLP bought a new stake in Talen Energy Corporation (NASDAQ:TLN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,920 shares of the utilities provider’s stock, valued at approximately $2,276,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Talen Energy in the second quarter worth about $1,673,803,000. State Street Corp boosted its holdings in Talen Energy by 88.2% in the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after acquiring an additional 627,467 shares during the period. Norges Bank purchased a new position in Talen Energy in the 4th quarter worth approximately $225,930,000. William Blair Investment Management LLC acquired a new stake in Talen Energy in the second quarter valued at approximately $191,231,000. Finally, Invesco Ltd. grew its position in Talen Energy by 77.5% in the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock valued at $452,189,000 after acquiring an additional 464,014 shares in the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TLN. Jefferies Financial Group cut their price target on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. BNP Paribas Exane reissued an “outperform” rating and issued a $560.00 target price on shares of Talen Energy in a report on Wednesday. Zacks Research upgraded shares of Talen Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $509.00 target price on shares of Talen Energy in a research report on Monday, August 10th. Finally, Barclays decreased their target price on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $477.17.

Insider Activity at Talen Energy

In related news, Director Gizman I. Abbas sold 2,600 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 2,606 shares of the company’s stock, valued at $990,280. This represents a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by insiders.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $314.46 on Friday. Talen Energy Corporation has a 1 year low of $301.45 and a 1 year high of $451.28. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The stock has a fifty day moving average price of $369.15 and a two-hundred day moving average price of $357.17. The firm has a market cap of $15.07 billion, a P/E ratio of -75.41 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The firm had revenue of $747.00 million for the quarter, compared to the consensus estimate of $832.81 million. Research analysts forecast that Talen Energy Corporation will post 25.07 EPS for the current fiscal year.

Talen Energy Company Profile

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).