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

Brown Advisory Inc. trimmed its holdings in Talen Energy Corporation (NASDAQ:TLN) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,401 shares of the utilities provider’s stock after selling 25,621 shares during the period. Brown Advisory Inc.’s holdings in Talen Energy were worth $96,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Talen Energy during the first quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Talen Energy during the 2nd quarter valued at $27,000. MAI Capital Management grew its holdings in shares of Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 59 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Talen Energy by 5,100.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 153 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new position in shares of Talen Energy in the second quarter worth $49,000. 0.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TLN shares. Zacks Research cut shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Evercore ISI boosted their target price on shares of Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, September 9th. Barclays reduced their price target on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.07.

Talen Energy Stock Down 3.7%

Shares of NASDAQ:TLN opened at $354.24 on Friday. The firm has a market cap of $16.19 billion, a P/E ratio of 76.68, a P/E/G ratio of 2.00 and a beta of 1.89. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28. The business has a fifty day simple moving average of $396.72 and a 200 day simple moving average of $352.62. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02.

Talen Energy (NASDAQ:TLN) last released its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating 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 business had revenue of $812.00 million during the quarter, compared to the consensus estimate of $707.90 million. During the same quarter in the prior year, the firm posted $3.16 EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. Analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Talen Energy Company Profile

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.