Talen Energy Corporation $TLN Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System boosted its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 3.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,449 shares of the utilities provider's stock after buying an additional 1,696 shares during the period. California State Teachers Retirement System owned 0.10% of Talen Energy worth $18,232,753 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new position in shares of Talen Energy in the 2nd quarter valued at $33,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Talen Energy in the 2nd quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Talen Energy during the second quarter valued at approximately $41,000. Silvant Capital Management LLC purchased a new position in Talen Energy during the second quarter valued at $42,000. Finally, Bessemer Group Inc. raised its position in Talen Energy by 404.0% in 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. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TLN shares. Morgan Stanley cut their price objective on Talen Energy from $508.00 to $503.00 and set an "overweight" rating on the stock in a report on Friday, August 21st. The Goldman Sachs Group reiterated a "buy" rating and set a $509.00 price objective on shares of Talen Energy in a research note on Monday, August 10th. Susquehanna set a $449.00 price target on Talen Energy in a research note on Friday, August 7th. Weiss Ratings lowered shares of Talen Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 18th. Finally, Zacks Research lowered Talen Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 27th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $459.17.

Talen Energy Trading Down 0.5%

TLN traded down $1.46 on Tuesday, hitting $285.06. The company had a trading volume of 483,768 shares, compared to its average volume of 816,919. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The business's fifty day simple moving average is $339.23 and its 200 day simple moving average is $351.08. The company has a market cap of $13.66 billion, a PE ratio of -68.41 and a beta of 1.84. Talen Energy Corporation has a 12-month low of $279.77 and a 12-month high of $451.28.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its 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 firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. Equities research analysts expect that Talen Energy Corporation will post 21.99 EPS for the current year.

Talen Energy Profile

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.

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