Talen Energy Corporation $TLN Shares Sold by Dilation Capital Management LP

Dilation Capital Management LP lessened its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 60.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,997 shares of the utilities provider’s stock after selling 18,685 shares during the quarter. Talen Energy comprises approximately 2.5% of Dilation Capital Management LP’s portfolio, making the stock its 19th largest position. Dilation Capital Management LP’s holdings in Talen Energy were worth $5,103,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TLN. Amundi acquired a new stake in Talen Energy in the 1st quarter valued at approximately $299,000. AQR Capital Management LLC acquired a new stake in shares of Talen Energy during the 1st quarter worth about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Talen Energy by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after purchasing an additional 761 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Talen Energy by 17,400.0% in the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 870 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Talen Energy by 15.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock valued at $9,794,000 after purchasing an additional 6,498 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Price Performance

Shares of TLN opened at $374.31 on Thursday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The firm has a 50-day simple moving average of $373.52 and a 200-day simple moving average of $377.39. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 81.02, a price-to-earnings-growth ratio of 0.54 and a beta of 1.97.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.24. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The firm had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $707.90 million. During the same quarter in the previous year, the firm posted $3.16 EPS. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TLN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley upped their price objective on shares of Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Barclays raised their price objective on Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. boosted their target price on Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.92.

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).