Bfsg LLC Purchases New Shares in Talen Energy Corporation (NASDAQ:TLN)

Bfsg LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,585 shares of the utilities provider's stock, valued at approximately $716,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after buying an additional 256,414 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Talen Energy by 37.3% during the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock valued at $1,114,000 after buying an additional 1,503 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Talen Energy by 28.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,150 shares of the utilities provider's stock valued at $2,045,000 after buying an additional 2,233 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Talen Energy during the 4th quarter valued at about $1,986,000. Finally, Artemis Wealth Advisors LLC purchased a new position in shares of Talen Energy during the 4th quarter valued at about $806,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Trading Down 0.6%

Shares of TLN stock traded down $1.72 during trading hours on Friday, reaching $288.66. The company's stock had a trading volume of 889,255 shares, compared to its average volume of 1,085,604. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. Talen Energy Corporation has a one year low of $98.50 and a one year high of $294.46. The stock has a market capitalization of $13.14 billion, a P/E ratio of 29.98, a P/E/G ratio of 7.06 and a beta of 1.78. The firm's fifty day simple moving average is $238.99 and its 200 day simple moving average is $221.51.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The firm had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. Equities research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current year.

Wall Street Analyst Weigh In

TLN has been the topic of several recent research reports. Barclays reduced their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. UBS Group reduced their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Morgan Stanley initiated coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Finally, Evercore ISI assumed coverage on Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Talen Energy has an average rating of "Moderate Buy" and a consensus target price of $246.33.

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.