Eagle Global Advisors LLC Grows Position in Talen Energy Corporation $TLN

Key Points

• Eagle Global Advisors LLC increased its stake in Talen Energy Corporation by 27.5% during the second quarter, owning 4,675 shares valued at approximately $1.36 million.
• Institutional interest in Talen Energy also surged, with the Public Employees Retirement System of Ohio increasing its holdings by an astounding 24,791.2%, now owning 14,188 shares worth over $4 million.
• Analysts have a consensus rating of "Moderate Buy" for Talen Energy, with a price target averaging $367.50, indicating positive market sentiment and expectations of growth.

Eagle Global Advisors LLC raised its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 27.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,675 shares of the utilities provider's stock after purchasing an additional 1,009 shares during the period. Eagle Global Advisors LLC's holdings in Talen Energy were worth $1,359,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TLN. Public Employees Retirement System of Ohio boosted its holdings in Talen Energy by 24,791.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,188 shares of the utilities provider's stock worth $4,125,000 after buying an additional 14,131 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in shares of Talen Energy by 8.3% in the second quarter. Clear Harbor Asset Management LLC now owns 4,500 shares of the utilities provider's stock worth $1,308,000 after acquiring an additional 345 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Talen Energy in the second quarter worth $91,239,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Talen Energy in the second quarter valued at $87,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Talen Energy during the 2nd quarter valued at $6,314,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TLN. Evercore ISI raised their target price on Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 9th. Morgan Stanley raised their price objective on shares of Talen Energy from $330.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Raymond James Financial started coverage on shares of Talen Energy in a research note on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective for the company. Susquehanna reissued an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Finally, Oppenheimer set a $315.00 price target on shares of Talen Energy and gave the company an "outperform" rating in a research report on Friday, July 11th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $367.50.

Talen Energy Trading Up 0.1%

Shares of TLN stock opened at $411.23 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. Talen Energy Corporation has a 1-year low of $148.02 and a 1-year high of $430.71. The business has a 50-day moving average of $380.54 and a 200 day moving average of $287.41. The stock has a market capitalization of $18.79 billion, a PE ratio of 116.50, a P/E/G ratio of 2.17 and a beta of 1.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted 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. The company had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. As a group, sell-side analysts anticipate 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.

Want to see what other hedge funds are holding TLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talen Energy Corporation (NASDAQ:TLN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.