Deutsche Bank AG Makes New Investment in Talen Energy Corporation $TLN

Key Points

• Deutsche Bank acquired 3,454 Talen Energy shares in the second quarter, valued at approximately $1.33 million. Several other major institutions also increased their holdings.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $466.86; 10 analysts rate the stock a Buy, while three rate it Hold and one Sell.
• Talen shares opened at $296.11 after declining 2.8%, while the company’s latest quarterly results missed expectations, reporting a $2.00 loss per share and revenue of $747 million versus the $832.81 million consensus estimate.

Deutsche Bank AG purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,454 shares of the utilities provider's stock, valued at approximately $1,327,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fred Alger Management LLC grew its holdings in Talen Energy by 8.4% in the 4th quarter. Fred Alger Management LLC now owns 1,804,094 shares of the utilities provider's stock valued at $676,247,000 after buying an additional 140,345 shares in the last quarter. Reaves W H & Co. Inc. increased its position in Talen Energy by 7.9% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,521,697 shares of the utilities provider's stock worth $570,393,000 after acquiring an additional 111,160 shares during the period. Invesco Ltd. increased its position in Talen Energy by 35.6% during the fourth quarter. Invesco Ltd. now owns 1,441,381 shares of the utilities provider's stock worth $540,287,000 after acquiring an additional 378,357 shares during the period. State Street Corp raised its stake in Talen Energy by 88.2% in the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider's stock worth $569,455,000 after purchasing an additional 627,467 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Talen Energy by 9.1% in the 4th quarter. Geode Capital Management LLC now owns 1,049,196 shares of the utilities provider's stock valued at $409,559,000 after purchasing an additional 87,784 shares during the period. 0.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TLN shares. New Street Research set a $405.00 target price on shares of Talen Energy in a research report on Monday, August 24th. BNP Paribas Exane reiterated an "outperform" rating and issued a $560.00 price target on shares of Talen Energy in a research report on Wednesday, August 19th. The Goldman Sachs Group reiterated a "buy" rating and issued a $509.00 price target on shares of Talen Energy in a research note on Monday, August 10th. Mizuho initiated coverage on Talen Energy in a research report on Monday, August 24th. They set an "outperform" rating and a $405.00 price target on the stock. Finally, Jefferies Financial Group lowered their price objective on Talen Energy from $453.00 to $422.00 and set a "hold" rating on the stock in a research note on Monday, July 20th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Talen Energy currently has a consensus rating of "Moderate Buy" and an average target price of $466.86.

Insider Transactions at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company's stock in a transaction dated 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 transaction, the director owned 2,606 shares of the company's stock, valued at $990,280. This represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is currently owned by insiders.

Talen Energy Stock Down 2.8%

Shares of NASDAQ TLN opened at $296.11 on Friday. The company has a market cap of $14.19 billion, a price-to-earnings ratio of -71.01 and a beta of 1.90. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. Talen Energy Corporation has a 12 month low of $294.75 and a 12 month high of $451.28. The stock has a 50-day moving average price of $358.05 and a two-hundred day moving average price of $356.13.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate of $3.21 by ($5.21). The company had revenue of $747.00 million during the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. As a group, analysts forecast that Talen Energy Corporation will post 21.99 earnings per share for the current fiscal year.

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).

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