Bfsg LLC Makes New Investment 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 filing with the Securities and Exchange Commission. The firm purchased 3,585 shares of the utilities provider's stock, valued at approximately $716,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wedbush Securities Inc. boosted its stake in Talen Energy by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock valued at $254,000 after buying an additional 61 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after acquiring an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Talen Energy in the fourth quarter worth about $37,000. Empowered Funds LLC acquired a new stake in shares of Talen Energy in the 4th quarter valued at approximately $42,000. Finally, State of Wyoming bought a new stake in shares of Talen Energy during the 4th quarter valued at approximately $50,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Shares of TLN opened at $285.88 on Wednesday. The business has a 50-day moving average of $233.56 and a 200-day moving average of $219.94. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 7.18 and a beta of 1.78. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $287.05.

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 (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. The firm had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. As a group, equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. Raymond James Financial began coverage on Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective on the stock. Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. Finally, Barclays cut their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $246.33.

About Talen Energy

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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