Brown Advisory Inc. Sells 25,621 Shares of Talen Energy Corporation $TLN

Brown Advisory Inc. cut its stake in Talen Energy Corporation (NASDAQ:TLN) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 330,401 shares of the utilities provider’s stock after selling 25,621 shares during the period. Brown Advisory Inc. owned approximately 0.72% of Talen Energy worth $96,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Talen Energy by 33.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 38,312 shares of the utilities provider’s stock valued at $11,140,000 after buying an additional 9,692 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Talen Energy by 75.8% during the 1st quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider’s stock worth $3,495,000 after acquiring an additional 7,547 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Talen Energy in the first quarter valued at approximately $246,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Talen Energy in the second quarter worth $478,000. Finally, Avantax Advisory Services Inc. acquired a new position in Talen Energy during the first quarter worth $309,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

TLN has been the topic of several recent research reports. Evercore ISI lifted their price target on shares of Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. JPMorgan Chase & Co. lifted their target price on Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Melius began coverage on Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target for the company. Scotiabank began coverage on 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. Finally, Wells Fargo & Company dropped their price objective on Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.07.

Talen Energy Trading Down 3.7%

TLN stock opened at $354.24 on Friday. Talen Energy Corporation has a one year low of $158.08 and a one year high of $451.28. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 76.68, a price-to-earnings-growth ratio of 2.00 and a beta of 1.89. The company has a fifty day moving average price of $396.72 and a two-hundred day moving average price of $352.62. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $707.90 million. During the same quarter last year, the company posted $3.16 EPS. Talen Energy’s quarterly revenue was up 24.9% compared to the same quarter last year. Equities analysts anticipate 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.