Allianz Asset Management GmbH Has $224,000 Stock Holdings in Talen Energy Corporation $TLN

Allianz Asset Management GmbH decreased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 67.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 770 shares of the utilities provider’s stock after selling 1,585 shares during the quarter. Allianz Asset Management GmbH’s holdings in Talen Energy were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TLN. Signaturefd LLC lifted its holdings in shares of 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 buying an additional 93 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Talen Energy during the first quarter worth $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Talen Energy during the first quarter worth $35,000. LRI Investments LLC lifted its holdings in shares of 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 buying an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Talen Energy during the first quarter worth $35,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

TLN has been the topic of a number of recent analyst reports. Melius Research raised their price target on Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Jefferies Financial Group raised 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. 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 on the stock. Evercore ISI raised their price target on Talen Energy from $410.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. Finally, UBS Group set a $431.00 target price on Talen Energy and gave the company a “buy” rating in a research report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $395.64.

Talen Energy Price Performance

Talen Energy stock opened at $394.00 on Wednesday. The stock’s 50 day moving average is $403.15 and its 200 day moving average is $321.83. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. The firm has a market cap of $18.00 billion, a P/E ratio of 111.62, a P/E/G ratio of 2.09 and a beta of 1.88. Talen Energy Corporation has a one year low of $158.08 and a one year high of $451.28.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current 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.