Blair William & Co. IL Purchases Shares of 1,221 Talen Energy Corporation $TLN

Key Points

• Blair William & Co. IL purchased a total of 1,221 shares of Talen Energy Corporation, valued at approximately $355,000, indicating growing institutional interest.
• Analysts have raised their price targets for Talen Energy, with a consensus rating of "Moderate Buy" and an average price target of $376.85.
• Talen Energy reported $1.50 EPS for the quarter, significantly surpassing analysts' consensus estimates, and also generated $630 million in revenue against an expected $481.48 million.

Blair William & Co. IL purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,221 shares of the utilities provider's stock, valued at approximately $355,000.

A number of other hedge funds also recently bought and sold shares of the company. Wedbush Securities Inc. lifted its stake in Talen Energy by 4.4% during the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock valued at $263,000 after buying an additional 55 shares in the last quarter. IFP Advisors Inc lifted its stake in Talen Energy by 42.4% during the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after buying an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in Talen Energy by 2.7% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after buying an additional 88 shares in the last quarter. Signaturefd LLC lifted its stake in Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after buying an additional 111 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 analysts have commented on the stock. Barclays upped their price objective on shares of Talen Energy from $418.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Scotiabank assumed coverage on shares of Talen Energy in a research note on Monday, September 22nd. They set a "sector perform" rating and a $418.00 price objective for the company. UBS Group set a $431.00 price objective on shares of Talen Energy and gave the company a "buy" rating in a research note on Friday, July 25th. Melius Research upped their target price on Talen Energy from $427.00 to $576.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, Evercore ISI upped 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. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $376.85.

Talen Energy Trading Down 2.8%

NASDAQ:TLN opened at $406.45 on Friday. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 115.14, a P/E/G ratio of 2.30 and a beta of 1.88. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The company's 50 day moving average is $400.59 and its 200-day moving average is $310.24.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The company had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. Equities analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current 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.

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