Yousif Capital Management LLC Makes New $6.14 Million Investment in Talen Energy Corporation $TLN

Yousif Capital Management LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,430 shares of the utilities provider’s stock, valued at approximately $6,138,000.

Other hedge funds also recently made changes to their positions in the company. Grove Bank & Trust bought a new stake in shares of Talen Energy in the third quarter valued at approximately $32,000. Atlantic Union Bankshares Corp acquired a new position in Talen Energy in the 2nd quarter valued at $27,000. MAI Capital Management raised its holdings in Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 59 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Talen Energy by 396.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 129 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 103 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in shares of 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 worth $45,000 after purchasing an additional 153 shares in the last quarter. 0.38% of the stock is owned by institutional investors.

Talen Energy Trading Down 1.9%

Shares of Talen Energy stock opened at $373.55 on Thursday. The firm’s 50 day moving average is $380.11 and its 200 day moving average is $364.12. The firm has a market capitalization of $17.07 billion, a PE ratio of 80.86, a price-to-earnings-growth ratio of 2.50 and a beta of 1.89. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. The firm had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $3.16 earnings per share. Equities research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TLN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $443.00 price target on shares of Talen Energy in a report on Tuesday, December 16th. Zacks Research lowered shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Finally, Barclays lowered their price objective on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.21.

Talen Energy 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).