Goldstein Advisors LLC Acquires 642 Shares of Talen Energy Corporation $TLN

Key Points

• Goldstein Advisors LLC has increased its stake in Talen Energy Corporation by 60.7% during the 2nd quarter, acquiring an additional 642 shares, bringing its total holdings to 1,699 shares worth approximately $494,000.
• Talen Energy received several upgrades from analysts recently, with Melius Research raising its target price from $427.00 to $576.00 and emphasizing a "buy" recommendation.
• Despite the positive analyst outlook, Talen Energy's stock has decline by 2.8%, with current shares trading at $406.45, compared to a 52-week range of $158.08 to $451.28.

Goldstein Advisors LLC boosted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 60.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,699 shares of the utilities provider's stock after purchasing an additional 642 shares during the quarter. Goldstein Advisors LLC's holdings in Talen Energy were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TLN. Signaturefd LLC boosted its stake in Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after purchasing an additional 93 shares during the period. Brooklyn Investment Group bought a new position in Talen Energy in the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in Talen Energy in the 1st quarter worth approximately $35,000. LRI Investments LLC boosted its stake in Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in Talen Energy in the 1st quarter worth approximately $35,000. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TLN has been the subject of several recent analyst reports. Melius initiated coverage on Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 price target for the company. Melius Research increased their target price on Talen Energy from $427.00 to $576.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. UBS Group set a $431.00 target price on Talen Energy and gave the company a "buy" rating in a research report on Friday, July 25th. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Zacks Research downgraded Talen Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 18th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $376.85.

Talen Energy Stock Down 2.8%

Shares of TLN opened at $406.45 on Friday. The company has a market cap of $18.57 billion, a PE ratio of 115.14, a P/E/G ratio of 2.24 and a beta of 1.88. The business has a fifty day moving average of $400.59 and a 200 day moving average of $310.90. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.

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