Silicon Valley Capital Partners Purchases New Stake in Talen Energy Corporation $TLN

Key Points

• Silicon Valley Capital Partners acquired 6,210 Talen Energy shares during the second quarter, valued at approximately $2.39 million. Several other institutional investors also initiated or increased positions, though institutional ownership remains low at 0.38%.
• Analyst sentiment is generally positive, with eight Buy ratings, three Holds, and one Sell. Talen has a “Moderate Buy” consensus rating and an average price target of $460.08.
• Talen shares recently traded at $299.97, well below their 52-week high of $451.28. The company missed second-quarter earnings and revenue expectations, reporting a $2.00-per-share loss versus the $3.21 consensus estimate.

Silicon Valley Capital Partners acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,210 shares of the utilities provider's stock, valued at approximately $2,386,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new position in shares of Talen Energy in the 2nd quarter worth about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Talen Energy during the 2nd quarter valued at about $38,000. Bessemer Group Inc. raised its stake in Talen Energy by 404.0% during the first quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider's stock worth $41,000 after acquiring an additional 101 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Talen Energy during the second quarter worth about $41,000. Finally, Silvant Capital Management LLC bought a new position in Talen Energy in the second quarter worth about $42,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings downgraded Talen Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. BNP Paribas Exane reissued an "outperform" rating and issued a $560.00 price target on shares of Talen Energy in a report on Wednesday, August 19th. Mizuho began coverage on Talen Energy in a research report on Monday, August 24th. They set an "outperform" rating and a $405.00 price objective for the company. The Goldman Sachs Group restated a "buy" rating and set a $509.00 price objective on shares of Talen Energy in a research note on Monday, August 10th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $460.08.

Talen Energy Stock Performance

NASDAQ TLN traded up $7.67 on Monday, hitting $299.97. The stock had a trading volume of 686,582 shares, compared to its average volume of 820,496. The company's 50-day moving average is $332.24 and its two-hundred day moving average is $348.61. Talen Energy Corporation has a one year low of $279.77 and a one year high of $451.28. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of -71.94 and a beta of 1.84. 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 issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%.The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. On average, analysts expect that Talen Energy Corporation will post 21.99 earnings per share for the current year.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company's principal business activities include generating and selling electricity, capacity, and ancillary services. Talen's nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.

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.