Chicago Partners Investment Group LLC Makes New $406,000 Investment in Talen Energy Corporation $TLN

Key Points

• Chicago Partners Investment Group LLC has made a new investment in Talen Energy Corporation, purchasing 1,396 shares valued at approximately $406,000 in the second quarter.
• Talen Energy's stock recently surpassed earnings expectations with a reported $1.50 earnings per share, significantly beating the consensus estimate of ($1.13).
• Several analysts have raised their price targets for Talen Energy, with Melius Research setting the highest target at $576.00, indicating strong optimism about the stock's future performance.

Chicago Partners Investment Group LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,396 shares of the utilities provider's stock, valued at approximately $406,000.

A number of other large investors have also bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares during the period. Brooklyn Investment Group bought a new position in shares of Talen Energy in the first quarter worth $25,000. Golden State Wealth Management LLC bought a new position in shares of Talen Energy in the first quarter worth $35,000. LRI Investments LLC boosted its holdings in shares of Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after acquiring an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy in the first quarter worth $35,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Price Performance

NASDAQ:TLN opened at $383.82 on Friday. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 108.73, a P/E/G ratio of 2.25 and a beta of 1.88. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The stock has a fifty day moving average of $401.43 and a 200 day moving average of $315.74. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

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 (EPS) for the quarter, beating 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 company had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. On average, research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analysts Set New Price Targets

TLN has been the subject of a number of analyst reports. Evercore ISI raised their price target on Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, September 9th. Jefferies Financial Group raised their price target on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Melius Research raised their price target on Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Wall Street Zen raised Talen Energy from a "sell" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Scotiabank began coverage on 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. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $391.31.

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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