Talen Energy Corporation $TLN Shares Acquired by Carronade Capital Management LP

Carronade Capital Management LP boosted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 23.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 542,743 shares of the utilities provider’s stock after purchasing an additional 101,967 shares during the quarter. Talen Energy makes up about 10.9% of Carronade Capital Management LP’s portfolio, making the stock its largest position. Carronade Capital Management LP’s holdings in Talen Energy were worth $157,813,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in TLN. Deutsche Bank AG boosted its position in shares of Talen Energy by 13.2% in the first quarter. Deutsche Bank AG now owns 1,789 shares of the utilities provider’s stock valued at $357,000 after acquiring an additional 208 shares during the period. National Bank of Canada FI acquired a new position in Talen Energy during the 1st quarter valued at $451,000. Nuveen LLC bought a new stake in Talen Energy in the 1st quarter valued at $11,980,000. Russell Investments Group Ltd. boosted its holdings in Talen Energy by 75.8% in the 1st quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider’s stock valued at $3,495,000 after purchasing an additional 7,547 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Talen Energy in the 1st quarter worth $298,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Down 3.4%

NASDAQ TLN opened at $356.36 on Friday. Talen Energy Corporation has a 1-year low of $158.08 and a 1-year high of $451.28. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 77.13, a PEG ratio of 1.94 and a beta of 1.89. The stock’s 50 day moving average is $389.52 and its two-hundred day moving average is $357.45. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, topping the consensus estimate of $4.01 by $0.24. The business had revenue of $812.00 million during the quarter, compared to the consensus estimate of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.Talen Energy’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company earned $3.16 EPS. Equities analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TLN has been the subject of several research reports. Wells Fargo & Company reduced their target price on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Zacks Research cut Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Barclays reduced their price objective on Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, October 8th. Finally, Scotiabank initiated coverage on Talen Energy in a research note on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 target price for the company. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $395.07.

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.