Diversify Advisory Services LLC Makes New $12.23 Million Investment in Talen Energy Corporation $TLN

Key Points

• Diversify Advisory Services acquired 35,231 Talen Energy shares worth approximately $12.23 million, representing a 0.07% stake. BlackRock also initiated a much larger position valued at roughly $1.67 billion during the second quarter.
• Talen Energy shares opened at $317.66, down 11.0%, after the company reported a quarterly loss of $2.00 per share and revenue of $747 million, missing analyst expectations of $3.21 EPS and $832.81 million in revenue.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $476.58, although recent targets ranged from $422 to $508 and one research firm downgraded the stock to “sell.”

Diversify Advisory Services LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,231 shares of the utilities provider's stock, valued at approximately $12,228,000. Diversify Advisory Services LLC owned 0.07% of Talen Energy as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. purchased a new stake in Talen Energy in the 2nd quarter valued at about $211,000. NINE MASTS CAPITAL Ltd purchased a new stake in Talen Energy in the second quarter valued at approximately $961,000. B & T Capital Management DBA Alpha Capital Management acquired a new position in Talen Energy during the second quarter worth approximately $647,000. BlackRock Inc. purchased a new position in Talen Energy during the second quarter worth approximately $1,673,803,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Talen Energy in the 2nd quarter valued at $389,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Down 11.0%

Shares of NASDAQ TLN opened at $317.66 on Wednesday. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. Talen Energy Corporation has a 1 year low of $301.45 and a 1 year high of $451.28. The stock's 50-day simple moving average is $370.91 and its 200-day simple moving average is $357.98. The firm has a market cap of $15.22 billion, a price-to-earnings ratio of -76.18 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $747.00 million during the quarter, compared to analysts' expectations of $832.81 million. As a group, equities analysts anticipate that Talen Energy Corporation will post 25.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Talen Energy from $482.00 to $501.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Jefferies Financial Group cut their price objective on Talen Energy from $453.00 to $422.00 and set a "hold" rating on the stock in a report on Monday, July 20th. Morgan Stanley reiterated an "overweight" rating and set a $508.00 target price on shares of Talen Energy in a report on Wednesday, June 24th. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Talen Energy in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $476.58.

Insider Activity

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company'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 transaction, the director directly 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 SEC, which is available at the SEC website. 0.78% of the stock is currently owned by insiders.

Talen Energy 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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