Talen Energy Corporation $TLN Shares Sold by Temasek Holdings Private Ltd

by · The Markets Daily

Temasek Holdings Private Ltd trimmed its position in Talen Energy Corporation (NASDAQ:TLN – Free Report) by 56.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,147 shares of the utilities provider’s stock after selling 45,036 shares during the period. Temasek Holdings Private Ltd owned 0.07% of Talen Energy worth $9,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Talen Energy in the 2nd quarter worth approximately $27,000. MAI Capital Management lifted its stake in Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 59 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Talen Energy during the first quarter valued at $25,000. Golden State Wealth Management LLC increased its holdings in shares of Talen Energy by 5,100.0% during the second quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 153 shares during the period. Finally, Berbice Capital Management LLC bought a new stake in shares of Talen Energy during the second quarter valued at about $49,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $354.24 on Monday. Talen Energy Corporation has a one year low of $158.08 and a one year high of $451.28. The stock has a fifty day moving average of $396.72 and a 200-day moving average of $354.23. The company has a market capitalization of $16.19 billion, a PE ratio of 76.68, a price-to-earnings-growth ratio of 1.93 and a beta of 1.89. 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 (NASDAQ:TLN – Get Free Report) last issued 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. The business had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.16 EPS. As a group, equities analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Scotiabank initiated coverage on shares of Talen Energy in a research note on Monday, September 22nd. They set a “sector perform” rating and a $418.00 target price on the stock. Evercore ISI increased their price objective on shares of Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, September 9th. Barclays lowered their price objective on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Melius Research upped their target price on Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Finally, Zacks Research lowered Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $395.07.

Get Our Latest Stock Report on TLN

Talen Energy Company Profile

(Free Report)

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.

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