4,200 Shares of Talen Energy Corporation $TLN Bought by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors initiated a Talen Energy position by purchasing 4,200 shares worth approximately $1.31 million in the third quarter. Other major investors, including BlackRock and MFN Partners, also established or increased stakes.
• Analysts maintain a generally positive outlook, with eight Buy ratings and a consensus “Moderate Buy” rating. The average price target is $460.08, above the reported share price of $358.42.
• Talen Energy recently missed quarterly EPS expectations by $5.21, despite revenue exceeding estimates. The stock has traded between $279.77 and $449.84 over the past year and carries substantial leverage, with a debt-to-equity ratio of 5.82.

Sax Wealth Advisors LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,200 shares of the utilities provider's stock, valued at approximately $1,313,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Talen Energy during the second quarter valued at approximately $1,673,803,000. MFN Partners Management LP acquired a new stake in shares of Talen Energy during the 2nd quarter worth approximately $1,152,780,000. Fred Alger Management LLC raised its position in shares of Talen Energy by 8.4% during the 4th quarter. Fred Alger Management LLC now owns 1,804,094 shares of the utilities provider's stock worth $676,247,000 after purchasing an additional 140,345 shares during the period. Carronade Capital Management LP raised its position in shares of Talen Energy by 11.6% during the 1st quarter. Carronade Capital Management LP now owns 644,484 shares of the utilities provider's stock worth $205,739,000 after purchasing an additional 67,245 shares during the period. Finally, Two Seas Capital LP bought a new stake in shares of Talen Energy in the 2nd quarter worth approximately $194,900,000. Institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. New Street Research set a $405.00 price target on Talen Energy in a report on Monday, August 24th. The Goldman Sachs Group restated a "buy" rating and set a $509.00 price objective on shares of Talen Energy in a research note on Monday, August 10th. Zacks Research downgraded Talen Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 27th. Mizuho began coverage on Talen Energy in a research report on Monday, August 24th. They issued an "outperform" rating and a $405.00 target price on the stock. Finally, Morgan Stanley increased their target price on Talen Energy from $503.00 to $514.00 and gave the stock an "overweight" rating in a research report on Friday, September 18th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $460.08.

Talen Energy Trading Down 6.2%

Shares of NASDAQ:TLN opened at $358.42 on Thursday. The company has a market cap of $17.17 billion, a PE ratio of -85.95 and a beta of 1.82. The company's 50-day moving average price is $323.60 and its 200 day moving average price is $349.79. Talen Energy Corporation has a fifty-two week low of $279.77 and a fifty-two week high of $449.84. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.21 by ($5.21). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The firm had revenue of $959.00 million for the quarter, compared to analyst estimates of $832.81 million. 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.

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