Thurston Springer Miller Herd & Titak Inc. Decreases Stock Holdings in Talen Energy Corporation $TLN

Thurston Springer Miller Herd & Titak Inc. lowered its stake in Talen Energy Corporation (NASDAQ:TLN) by 90.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 252 shares of the utilities provider’s stock after selling 2,523 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Talen Energy were worth $107,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TLN. Third Point LLC acquired a new stake in shares of Talen Energy in the first quarter valued at about $116,807,000. Norges Bank purchased a new position in Talen Energy in the 2nd quarter valued at about $168,188,000. Fred Alger Management LLC boosted its holdings in Talen Energy by 56.3% in the 1st quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock worth $297,937,000 after buying an additional 537,398 shares during the last quarter. State Street Corp increased its stake in Talen Energy by 151.0% during the 2nd quarter. State Street Corp now owns 711,231 shares of the utilities provider’s stock worth $206,805,000 after buying an additional 427,910 shares in the last quarter. Finally, PointState Capital LP acquired a new position in shares of Talen Energy during the first quarter valued at approximately $75,148,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TLN shares. Scotiabank began coverage on Talen Energy in a research report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price target for the company. Barclays dropped their target price on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Evercore ISI raised their price target on shares of Talen Energy from $410.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. Morgan Stanley restated an “overweight” rating and set a $443.00 price target on shares of Talen Energy in a research report on Tuesday. Finally, Melius Research increased their price objective on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned 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 $395.21.

Talen Energy Trading Down 6.6%

Shares of TLN stock opened at $351.96 on Thursday. 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 Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The company’s 50-day moving average price is $385.11 and its 200-day moving average price is $359.93. The stock has a market cap of $16.08 billion, a price-to-earnings ratio of 76.18, a PEG ratio of 2.05 and a beta of 1.89.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data 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 firm had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. Talen Energy’s revenue was up 24.9% compared to the same quarter last year. During the same period last year, the business earned $3.16 earnings per share. As a group, equities 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.