1,850 Shares of Talen Energy Corporation $TLN Acquired by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,850 shares of the utilities provider’s stock, valued at approximately $578,000.

A number of other large investors have also made changes to their positions in TLN. Continuum Advisory LLC acquired a new position in Talen Energy in the 2nd quarter worth approximately $33,000. Grove Bank & Trust grew its holdings in Talen Energy by 40.5% in the third quarter. Grove Bank & Trust now owns 104 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 30 shares during the period. Fortitude Family Office LLC purchased a new position in Talen Energy in the 3rd quarter valued at about $37,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Talen Energy during the second quarter valued at approximately $38,000. Finally, Bessemer Group Inc. lifted its holdings in Talen Energy by 404.0% in the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Talen Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Mizuho assumed coverage on shares of Talen Energy in a research report on Monday, August 24th. They issued an “outperform” rating and a $405.00 target price for the company. Barclays decreased their price target on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 28th. The Goldman Sachs Group restated a “buy” rating and set a $509.00 price target on shares of Talen Energy in a research report on Monday, August 10th. Finally, Susquehanna set a $449.00 price objective on shares of Talen Energy in a research note on Friday, August 7th. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $460.08.

Talen Energy Price Performance

Talen Energy stock opened at $353.60 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. The company has a 50-day moving average price of $323.91 and a 200 day moving average price of $349.99. Talen Energy Corporation has a 12-month low of $279.77 and a 12-month high of $449.84. The stock has a market cap of $16.94 billion, a P/E ratio of -84.80 and a beta of 1.82.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). The firm had revenue of $959.00 million during the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. Sell-side analysts anticipate that Talen Energy Corporation will post 21.99 earnings per share for the current year.

Talen Energy Company Profile

Talen Energy Corporation (NASDAQ: TLN) is an independent power producer that owns and operates a portfolio of electricity-generation facilities in the United States. The company supplies power and related services to wholesale electricity markets, utilities, commercial customers and other counterparties.

Talen’s generation portfolio includes the Susquehanna nuclear power plant in Pennsylvania, one of the largest nuclear facilities in the country, as well as natural gas-fired and other generating assets.