Federated Hermes Inc. Invests $1.74 Million in Talen Energy Corporation $TLN

Federated Hermes Inc. purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,081 shares of the utilities provider’s stock, valued at approximately $1,736,000.

Other hedge funds have also added to or reduced their stakes in the company. MAI Capital Management increased its holdings in 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 in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Talen Energy by 8.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock valued at $335,000 after buying an additional 59 shares during the last quarter. Main Management ETF Advisors LLC grew its holdings in Talen Energy by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock worth $1,066,000 after buying an additional 60 shares in the last quarter. Wedbush Securities Inc. raised its position in Talen Energy by 4.8% in the 2nd quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock valued at $401,000 after buying an additional 63 shares during the last quarter. Finally, Grove Bank & Trust purchased a new stake in Talen Energy in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TLN. Morgan Stanley lifted their price objective on shares of Talen Energy from $443.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Barclays upped their price objective on shares of Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company boosted their target price on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $413.25.

Talen Energy Stock Performance

NASDAQ TLN opened at $317.05 on Thursday. The company has a market capitalization of $14.49 billion, a PE ratio of 68.63, a price-to-earnings-growth ratio of 0.51 and a beta of 1.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The company has a 50-day simple moving average of $369.40 and a 200 day simple moving average of $382.60.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.24. The company 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%. Talen Energy’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.16 EPS. On average, research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

About Talen Energy

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).