Diversify Advisory Services LLC Takes Position in Talen Energy Corporation $TLN

Diversify Advisory Services LLC purchased a new position in Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 35,231 shares of the utilities provider’s stock, valued at approximately $12,228,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Talen Energy during the 2nd quarter worth approximately $1,673,803,000. State Street Corp increased its holdings in shares of Talen Energy by 88.2% in the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after acquiring an additional 627,467 shares during the last quarter. Norges Bank acquired a new stake in shares of Talen Energy during the 4th quarter valued at approximately $225,930,000. Invesco Ltd. raised its position in shares of Talen Energy by 77.5% during the 3rd quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock valued at $452,189,000 after acquiring an additional 464,014 shares in the last quarter. Finally, Sachem Head Capital Management LP lifted its stake in Talen Energy by 72.4% during the fourth quarter. Sachem Head Capital Management LP now owns 1,000,000 shares of the utilities provider’s stock worth $374,840,000 after purchasing an additional 420,000 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Scotiabank lifted their price objective on shares of Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Talen Energy in a research report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $509.00 price target on shares of Talen Energy in a report on Monday, August 10th. Barclays lowered their price objective on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a research report on Tuesday, July 28th. Finally, Susquehanna set a $449.00 price objective on shares of Talen Energy in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $476.58.

Talen Energy Stock Performance

TLN stock opened at $317.66 on Wednesday. Talen Energy Corporation has a 1 year low of $301.45 and a 1 year high of $451.28. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of -76.18 and a beta of 1.90. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The stock’s fifty day moving average is $370.91 and its two-hundred day moving average is $357.98.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%.The firm had revenue of $747.00 million for the quarter, compared to the consensus estimate of $832.81 million. On average, research analysts predict that Talen Energy Corporation will post 25.07 EPS for the current year.

Insider Transactions at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director directly owned 2,606 shares of the company’s stock, valued at $990,280. The trade was a 49.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.78% of the stock is owned by insiders.

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).