10,483 Shares in Talen Energy Corporation $TLN Purchased by Gunderson Capital Management Inc.

Key Points

• Gunderson Capital Management Inc. purchased 10,483 shares of Talen Energy Corporation, valued at approximately $3,048,000, making it the firm's 28th largest holding.
• Analysts have given Talen Energy a consensus rating of "Moderate Buy" with an average price target of $376.85, following several upgrades from major firms like Morgan Stanley and Evercore ISI.
• Talen Energy reported earnings of $1.50 per share for the last quarter, significantly beating estimates and resulting in a revenue of $630 million, above analysts' expectations.

Gunderson Capital Management Inc. acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,483 shares of the utilities provider's stock, valued at approximately $3,048,000. Talen Energy comprises 1.3% of Gunderson Capital Management Inc.'s investment portfolio, making the stock its 28th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in Talen Energy in the first quarter worth approximately $1,275,000. SG Americas Securities LLC increased its holdings in Talen Energy by 5,564.4% in the first quarter. SG Americas Securities LLC now owns 42,596 shares of the utilities provider's stock worth $8,505,000 after buying an additional 41,844 shares during the last quarter. Elevation Point Wealth Partners LLC increased its holdings in Talen Energy by 44.8% in the first quarter. Elevation Point Wealth Partners LLC now owns 6,568 shares of the utilities provider's stock worth $1,311,000 after buying an additional 2,032 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Talen Energy by 15.2% during the first quarter. Janney Montgomery Scott LLC now owns 14,810 shares of the utilities provider's stock valued at $2,957,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Bfsg LLC acquired a new position in Talen Energy during the first quarter valued at approximately $716,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TLN has been the topic of several analyst reports. Morgan Stanley increased their price target on Talen Energy from $330.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, September 10th. Oppenheimer set a $315.00 price target on Talen Energy and gave the company an "outperform" rating in a report on Friday, July 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Talen Energy in a report on Wednesday. Evercore ISI increased their price target on Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday, September 9th. Finally, Melius initiated coverage on Talen Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Talen Energy currently has a consensus rating of "Moderate Buy" and an average price target of $376.85.

Talen Energy Stock Down 0.3%

TLN opened at $444.50 on Friday. Talen Energy Corporation has a 1-year low of $148.02 and a 1-year high of $451.28. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $20.31 billion, a price-to-earnings ratio of 125.92, a P/E/G ratio of 2.25 and a beta of 1.88. The business has a 50 day moving average of $396.10 and a 200-day moving average of $301.42.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of ($1.13) by $2.63. The company had revenue of $630.00 million during the quarter, compared to analysts' expectations of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. As a group, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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.

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