William Blair Investment Management LLC Sells 11,211 Shares of Talen Energy Corporation $TLN

Key Points

• William Blair Investment Management LLC reduced its holdings in Talen Energy Corporation by 1.0%, selling 11,211 shares and now owning approximately $320.4 million worth of stock.
• Talen Energy reported a quarterly earnings EPS of $1.50, significantly beating analysts' expectations of ($1.13) and delivering revenue of $630 million compared to anticipated $481.48 million.
• Thirteen research analysts rated Talen Energy with a Buy rating, and the stock has a consensus rating of "Moderate Buy" with an average price target of $376.85.

William Blair Investment Management LLC lessened its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,101,782 shares of the utilities provider's stock after selling 11,211 shares during the period. Talen Energy accounts for 0.9% of William Blair Investment Management LLC's portfolio, making the stock its 18th largest holding. William Blair Investment Management LLC owned about 2.42% of Talen Energy worth $320,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Talen Energy by 75.8% in the 1st quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider's stock worth $3,495,000 after purchasing an additional 7,547 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in Talen Energy in the 1st quarter worth approximately $285,000. Thoroughbred Financial Services LLC bought a new position in Talen Energy in the 1st quarter worth approximately $756,000. TCW Group Inc. bought a new position in Talen Energy in the 1st quarter worth approximately $9,266,000. Finally, Advisors Asset Management Inc. bought a new position in Talen Energy in the 1st quarter worth approximately $246,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

TLN opened at $406.45 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The company has a fifty day simple moving average of $400.59 and a 200 day simple moving average of $310.24. The stock has a market cap of $18.57 billion, a P/E ratio of 115.14, a P/E/G ratio of 2.30 and a beta of 1.88.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The business had revenue of $630.00 million during the quarter, compared to analysts' expectations of $481.48 million. On average, research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on TLN shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Talen Energy in a research report on Wednesday, October 8th. Barclays upped their target price on shares of Talen Energy from $418.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, September 11th. Evercore ISI upped their target price on shares of Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a research report on Tuesday, September 9th. Melius Research upped their target price on shares of Talen Energy from $427.00 to $576.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Scotiabank started coverage on shares of Talen Energy in a research report on Monday, September 22nd. They set a "sector perform" rating and a $418.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Talen Energy presently has a consensus rating of "Moderate Buy" and an average price target of $376.85.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.

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