Strs Ohio Sells 16,998 Shares of Talen Energy Corporation $TLN

Key Points

• Strs Ohio sold 16,998 shares of Talen Energy in Q4, trimming its stake by 62.8% to 10,087 shares worth about $3.78 million.
• Talen reported $1.33 EPS for the quarter, missing the $5.01 consensus while posting revenue of $1.13 billion; the company shows a negative net margin (-8.49%) and high leverage (debt-to-equity 6.20).
• Analyst sentiment is positive overall with a consensus rating of "Moderate Buy" and an average target price of $450.67 (12 Buys, 2 Holds, 1 Sell).

Strs Ohio trimmed its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 62.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,087 shares of the utilities provider's stock after selling 16,998 shares during the quarter. Strs Ohio's holdings in Talen Energy were worth $3,781,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in Talen Energy during the 4th quarter worth approximately $27,000. Assetmark Inc. boosted its holdings in Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 64 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Talen Energy during the 3rd quarter valued at $34,000. Advisory Services Network LLC purchased a new position in shares of Talen Energy during the 3rd quarter valued at $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Talen Energy in the fourth quarter worth $39,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Trading Up 0.1%

Shares of NASDAQ TLN opened at $384.90 on Wednesday. The stock has a market cap of $17.47 billion, a P/E ratio of -77.91 and a beta of 1.90. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. Talen Energy Corporation has a 1 year low of $220.59 and a 1 year high of $451.28. The firm has a 50-day moving average of $339.44 and a 200 day moving average of $362.43.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates of $5.01 by ($3.68). Talen Energy had a negative net margin of 8.49% and a positive return on equity of 22.58%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted ($2.94) EPS. As a group, sell-side analysts expect that Talen Energy Corporation will post 24.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TLN has been the topic of a number of recent analyst reports. Barclays lowered their price objective on Talen Energy from $425.00 to $408.00 and set an "overweight" rating on the stock in a research report on Monday, April 20th. Morgan Stanley set a $498.00 target price on Talen Energy in a research note on Friday. BNP Paribas Exane assumed coverage on Talen Energy in a report on Wednesday, March 18th. They issued an "outperform" rating and a $548.00 price target on the stock. Raymond James Financial reissued an "outperform" rating and set a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Talen Energy from $448.00 to $421.00 and set an "overweight" rating on the stock in a research note on Thursday, March 19th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $450.67.

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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