180 GPS Investments IC Ltd Invests $8.64 Million in Talen Energy Corporation $TLN

Key Points

• 180 GPS Investments IC Ltd purchased 22,474 Talen Energy shares worth approximately $8.64 million, making TLN its seventh-largest holding and representing 6.4% of its portfolio.
• Talen Energy reported a quarterly loss of $2.00 per share, missing the $3.21 consensus estimate, while revenue of $747 million also fell short of expectations.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $476.58 versus its reported $362.74 opening price.

180 GPS Investments IC Ltd purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,474 shares of the utilities provider's stock, valued at approximately $8,636,000. Talen Energy accounts for 6.4% of 180 GPS Investments IC Ltd's portfolio, making the stock its 7th biggest holding.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Talen Energy by 1,526.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider's stock valued at $9,766,000 after buying an additional 24,452 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Talen Energy by 400.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 14,105 shares of the utilities provider's stock valued at $5,287,000 after buying an additional 11,287 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Talen Energy by 116.8% during the 4th quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider's stock valued at $2,419,000 after buying an additional 3,477 shares during the period. US Bancorp DE grew its holdings in shares of Talen Energy by 4.3% during the 4th quarter. US Bancorp DE now owns 105,848 shares of the utilities provider's stock valued at $39,676,000 after acquiring an additional 4,407 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Talen Energy by 1,519.7% during the 4th quarter. M&T Bank Corp now owns 27,664 shares of the utilities provider's stock valued at $10,370,000 after acquiring an additional 25,956 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

TLN opened at $362.74 on Monday. Talen Energy Corporation has a 12-month low of $301.45 and a 12-month high of $451.28. The stock's 50 day moving average price is $371.89 and its two-hundred day moving average price is $358.33. The firm has a market capitalization of $17.38 billion, a P/E ratio of -86.99 and a beta of 1.90. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its 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 negative net margin of 5.38% and a positive return on equity of 43.32%. The company had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. On average, equities analysts forecast that Talen Energy Corporation will post 25.07 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on TLN. Scotiabank increased their price objective on 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 note on Tuesday, August 4th. Jefferies Financial Group dropped their target price on Talen Energy from $453.00 to $422.00 and set a "hold" rating on the stock in a research report on Monday, July 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $508.00 price target on shares of Talen Energy in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company lifted their price target on Talen Energy from $482.00 to $501.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Talen Energy presently has an average rating of "Moderate Buy" and a consensus target price of $476.58.

Insider Activity at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.78% of the company's stock.

Talen Energy Company Profile

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).

Want to see what other hedge funds are holding TLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talen Energy Corporation (NASDAQ:TLN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source