1,644 Shares in Talen Energy Corporation $TLN Acquired by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC purchased 1,644 shares of Talen Energy Corporation, valued at approximately $478,000, signaling interest from institutional investors.
• Talen Energy reported earnings per share of $1.50, significantly exceeding expectations, with a revenue of $630 million during the last quarter.
• Multiple analysts upgraded their ratings and price targets for Talen Energy, indicating a generally positive outlook for the company with a consensus rating of "Moderate Buy."

Kingswood Wealth Advisors LLC bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,644 shares of the utilities provider's stock, valued at approximately $478,000.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 93 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Talen Energy in the 1st quarter valued at $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Talen Energy in the 1st quarter valued at $35,000. LRI Investments LLC boosted its holdings in shares of Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Talen Energy in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Performance

TLN stock opened at $444.50 on Friday. The stock has a 50-day moving average price of $396.10 and a 200-day moving average price of $301.42. 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 firm has a market cap of $20.31 billion, a PE ratio of 125.92, a price-to-earnings-growth ratio of 2.25 and a beta of 1.88.

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, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The firm had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. As a group, equities research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

TLN has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Talen Energy in a report on Wednesday. Evercore ISI raised their target price on Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday, September 9th. Morgan Stanley increased their price target on Talen Energy from $330.00 to $430.00 and gave the company an "overweight" rating in a research note on Wednesday, September 10th. Barclays increased their price target on Talen Energy from $418.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Finally, Zacks Research cut Talen Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 18th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Talen Energy has a consensus rating of "Moderate Buy" and an average target price of $376.85.

Talen Energy Company 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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