10,897 Shares in Talen Energy Corporation $TLN Bought by Trek Financial LLC

Trek Financial LLC bought a new stake in Talen Energy Corporation (NASDAQ:TLN) during the second quarter, according to its most recent filing with the SEC. The firm bought 10,897 shares of the utilities provider’s stock, valued at approximately $3,169,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new stake in Talen Energy during the second quarter valued at about $27,000. MAI Capital Management lifted its position in shares of Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 59 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Talen Energy during the 1st quarter worth about $25,000. Golden State Wealth Management LLC boosted its stake in Talen Energy by 5,100.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 153 shares during the period. Finally, Berbice Capital Management LLC acquired a new stake in Talen Energy in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Down 0.7%

Shares of Talen Energy stock opened at $365.46 on Thursday. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The firm has a market capitalization of $16.70 billion, a PE ratio of 79.10, a price-to-earnings-growth ratio of 2.00 and a beta of 1.89. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. The company’s fifty day moving average price is $398.72 and its two-hundred day moving average price is $351.72.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. The company had revenue of $812.00 million during the quarter, compared to the consensus estimate of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the firm earned $3.16 EPS. On average, analysts expect that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on TLN. Melius Research upped their price target on Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Melius started coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $427.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $395.07.

Talen Energy 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.