Maple Rock Capital Partners Inc. Lowers Position in Talen Energy Corporation $TLN

Maple Rock Capital Partners Inc. lowered its holdings in Talen Energy Corporation (NASDAQ:TLN) by 33.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,251 shares of the utilities provider’s stock after selling 132,423 shares during the period. Talen Energy makes up about 3.7% of Maple Rock Capital Partners Inc.’s portfolio, making the stock its 6th largest holding. Maple Rock Capital Partners Inc. owned approximately 0.58% of Talen Energy worth $76,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TLN. Atlantic Union Bankshares Corp acquired a new stake in shares of Talen Energy in the second quarter valued at approximately $27,000. MAI Capital Management increased its stake in 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 acquiring an additional 59 shares during the period. Brooklyn Investment Group acquired a new position in Talen Energy in the 1st quarter valued at $25,000. Golden State Wealth Management LLC lifted its position 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 valued at $45,000 after acquiring an additional 153 shares during the period. Finally, Berbice Capital Management LLC bought a new stake in shares of Talen Energy during the 2nd quarter valued at $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 $368.82 on Friday. Talen Energy Corporation has a one year low of $158.08 and a one year high of $451.28. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. The company has a market cap of $16.85 billion, a price-to-earnings ratio of 79.83, a PEG ratio of 1.95 and a beta of 1.89. The firm has a 50 day simple moving average of $391.16 and a 200 day simple moving average of $355.89.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays dropped their price target on Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Melius started coverage on shares of Talen Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target for the company. Melius Research increased their price target on shares of Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Evercore ISI boosted their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $395.07.

Talen Energy 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.