Diversified Enterprises LLC Purchases Shares of 930 Talen Energy Corporation $TLN

Key Points

• Diversified Enterprises LLC purchased 930 shares of Talen Energy Corporation, valued at approximately $270,000, as reported in their recent Form 13F filing with the SEC.
• Analysts have shown strong interest in Talen Energy, with fourteen analysts giving the stock a Buy rating and recent target prices ranging from $315.00 to $440.00.
• Talen Energy reported earnings of $1.50 per share for its last quarter, significantly surpassing analysts' expectations of a loss, and generated revenue of $630 million.

Diversified Enterprises LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 930 shares of the utilities provider's stock, valued at approximately $270,000.

Several other institutional investors have also added to or reduced their stakes in TLN. Third Point LLC bought a new position in Talen Energy during the 1st quarter worth about $116,807,000. Fred Alger Management LLC lifted its stake in Talen Energy by 56.3% in the 1st quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider's stock valued at $297,937,000 after acquiring an additional 537,398 shares in the last quarter. PointState Capital LP acquired a new position in Talen Energy during the 1st quarter worth approximately $75,148,000. Assenagon Asset Management S.A. bought a new position in shares of Talen Energy during the 2nd quarter worth approximately $91,239,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Talen Energy by 6,621.1% in the first quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock valued at $60,638,000 after purchasing an additional 299,143 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TLN. Barclays increased their target price on shares of Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, August 11th. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. UBS Group set a $431.00 price target on Talen Energy and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Oppenheimer set a $315.00 price target on Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Talen Energy currently has a consensus rating of "Moderate Buy" and an average target price of $367.50.

Talen Energy Trading Up 0.1%

Talen Energy stock opened at $411.23 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. The stock has a 50-day simple moving average of $380.54 and a 200 day simple moving average of $288.03. The stock has a market capitalization of $18.79 billion, a P/E ratio of 116.50, a PEG ratio of 2.17 and a beta of 1.89. Talen Energy Corporation has a 52 week low of $148.02 and a 52 week high of $430.71.

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

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.

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