Goldstein Advisors LLC Buys Shares of 1,057 Talen Energy Corporation (NASDAQ:TLN)

Goldstein Advisors LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,057 shares of the utilities provider's stock, valued at approximately $211,000.

Several other hedge funds have also modified their holdings of the company. Wedbush Securities Inc. lifted its position in Talen Energy by 5.1% during the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock valued at $254,000 after purchasing an additional 61 shares during the period. Allworth Financial LP lifted its holdings in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 116 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Talen Energy during the 1st quarter valued at approximately $35,000. Jones Financial Companies Lllp acquired a new position in shares of Talen Energy in the 4th quarter valued at $37,000. Finally, Avior Wealth Management LLC boosted its holdings in Talen Energy by 15.6% during the first quarter. Avior Wealth Management LLC now owns 1,484 shares of the utilities provider's stock worth $296,000 after buying an additional 200 shares in the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley initiated coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Wall Street Zen lowered Talen Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. Barclays dropped their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Finally, Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $246.33.

Talen Energy Price Performance

TLN stock traded up $3.38 during midday trading on Thursday, reaching $291.38. The stock had a trading volume of 786,861 shares, compared to its average volume of 1,080,264. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $300.00. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. The company's fifty day simple moving average is $244.34 and its 200 day simple moving average is $222.94. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 7.20 and a beta of 1.78.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The business had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. As a group, sell-side analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal 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.