Congress Park Capital LLC Acquires New Holdings in Talen Energy Corporation (NASDAQ:TLN)

Congress Park Capital LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,250 shares of the utilities provider's stock, valued at approximately $250,000.

Other institutional investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. grew its position in shares of Talen Energy by 5.1% in the 4th quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock worth $254,000 after buying an additional 61 shares during the last quarter. Allworth Financial LP raised its stake 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 purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Talen Energy in the fourth quarter worth $37,000. Avior Wealth Management LLC raised its stake in shares of Talen Energy by 15.6% in the first quarter. Avior Wealth Management LLC now owns 1,484 shares of the utilities provider's stock worth $296,000 after purchasing an additional 200 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Talen Energy during the fourth quarter valued at $42,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $2.93 on Monday, reaching $291.59. 783,144 shares of the company's stock were exchanged, compared to its average volume of 1,084,341. The company has a fifty day moving average of $240.82 and a 200-day moving average of $221.98. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $294.46. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $13.27 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 7.06 and a beta of 1.79.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 EPS 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 company had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. On average, research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TLN has been the subject of a number of research reports. Raymond James Financial began coverage on Talen Energy in a research note on Friday, June 13th. They set an "outperform" rating and a $314.00 price target for the company. Morgan Stanley initiated coverage on Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective on the stock. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research report on Wednesday, March 5th. Wall Street Zen cut Talen Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, UBS Group lowered their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Talen Energy has an average rating of "Moderate Buy" and an average price target 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.