Sterling Capital Management LLC Acquires 10,956 Shares of Talen Energy Corporation $TLN

Key Points

• Sterling Capital Management increased its Talen Energy stake by 1,781.5% in the third quarter, purchasing 10,956 additional shares and bringing its holdings to 11,571 shares valued at approximately $3.62 million.
• Talen Energy shares opened at $327.91, down 1.1%, and remain well below their 52-week high of $449.84. The company reported a quarterly EPS loss of $2.00, missing estimates by $5.21, despite revenue exceeding expectations.
• Analyst sentiment remains mixed but leans positive: Talen has a “Moderate Buy” consensus rating and an average price target of $461.95, although recent firms issued both upgrades and downgrades.

Sterling Capital Management LLC boosted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 1,781.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,571 shares of the utilities provider's stock after purchasing an additional 10,956 shares during the quarter. Sterling Capital Management LLC's holdings in Talen Energy were worth $3,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. Grove Bank & Trust lifted its holdings in shares of Talen Energy by 40.5% during the third quarter. Grove Bank & Trust now owns 104 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 30 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Talen Energy by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider's stock worth $334,000 after buying an additional 36 shares during the last quarter. Red Door Wealth Management LLC increased its position in Talen Energy by 2.1% during the 1st quarter. Red Door Wealth Management LLC now owns 2,236 shares of the utilities provider's stock valued at $714,000 after buying an additional 45 shares in the last quarter. Compound Planning Inc. grew its stake in shares of Talen Energy by 5.7% in the first quarter. Compound Planning Inc. now owns 889 shares of the utilities provider's stock worth $284,000 after acquiring an additional 48 shares during the last quarter. Finally, Ancora Advisors LLC increased its holdings in shares of Talen Energy by 2.2% during the second quarter. Ancora Advisors LLC now owns 2,273 shares of the utilities provider's stock valued at $873,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Trading Down 1.1%

Shares of NASDAQ:TLN opened at $327.91 on Friday. The company has a market cap of $15.71 billion, a P/E ratio of -78.64 and a beta of 1.82. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55. Talen Energy Corporation has a 1 year low of $279.77 and a 1 year high of $449.84. The stock's fifty day moving average price is $322.69 and its 200-day moving average price is $350.75.

Talen Energy (NASDAQ:TLN - Get Free Report) last released 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). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. The business had revenue of $959.00 million during the quarter, compared to the consensus estimate of $832.81 million. Sell-side analysts expect that Talen Energy Corporation will post 21.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TLN shares. New Street Research set a $405.00 price target on shares of Talen Energy in a research note on Monday, August 24th. Jefferies Financial Group reduced their price objective on shares of Talen Energy from $453.00 to $422.00 and set a "hold" rating for the company in a research note on Monday, July 20th. Zacks Research lowered shares of Talen Energy from a "hold" rating to a "strong sell" rating in a research note on Thursday. Canadian Imperial Bank of Commerce assumed coverage on shares of Talen Energy in a report on Thursday, October 15th. They set a "sector outperform" rating and a $499.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Talen Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 18th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $461.95.

Talen Energy Company Profile

Talen Energy Corporation NASDAQ: TLN is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen's generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company's operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.

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