Trek Financial LLC Has $3.48 Million Stake in Talen Energy Corporation $TLN

Trek Financial LLC reduced its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 24.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,190 shares of the utilities provider’s stock after selling 2,707 shares during the quarter. Trek Financial LLC’s holdings in Talen Energy were worth $3,484,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Talen Energy during the 2nd quarter valued at $168,188,000. State Street Corp boosted its position in Talen Energy by 151.0% during the second quarter. State Street Corp now owns 711,231 shares of the utilities provider’s stock valued at $206,805,000 after purchasing an additional 427,910 shares during the last quarter. Third Point LLC boosted its position in Talen Energy by 34.2% during the second quarter. Third Point LLC now owns 785,000 shares of the utilities provider’s stock valued at $228,254,000 after purchasing an additional 200,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Talen Energy by 179.9% in the second quarter. JPMorgan Chase & Co. now owns 264,091 shares of the utilities provider’s stock valued at $76,790,000 after purchasing an additional 169,734 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Talen Energy by 26.1% in the 2nd quarter. Geode Capital Management LLC now owns 794,754 shares of the utilities provider’s stock worth $231,150,000 after purchasing an additional 164,734 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ TLN opened at $366.43 on Friday. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The company has a fifty day simple moving average of $374.12 and a 200 day simple moving average of $378.67. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The company has a market cap of $16.74 billion, a P/E ratio of 79.31, a P/E/G ratio of 0.55 and a beta of 1.97.

Talen Energy (NASDAQ:TLN) last released its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. The firm had revenue of $812.00 million during 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 business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.16 EPS. On average, sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Ratings Changes

TLN has been the subject of several research reports. Morgan Stanley lifted their price target on Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday. Barclays increased their price target on shares of Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. lifted their price objective on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Wells Fargo & Company increased their target price on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research report on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $400.92.

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).