Janney Montgomery Scott LLC Grows Position in Talen Energy Corporation (NASDAQ:TLN)

Janney Montgomery Scott LLC boosted its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,810 shares of the utilities provider's stock after purchasing an additional 1,951 shares during the period. Janney Montgomery Scott LLC's holdings in Talen Energy were worth $2,957,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. raised its holdings in Talen Energy by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock valued at $254,000 after buying an additional 61 shares during the period. Allworth Financial LP increased its position 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 acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Talen Energy in the 4th quarter valued at $37,000. State of Wyoming acquired a new position in shares of Talen Energy during the 4th quarter valued at $50,000. Finally, Ameriprise Financial Inc. boosted its position in Talen Energy by 6.1% during the 4th quarter. Ameriprise Financial Inc. now owns 4,518 shares of the utilities provider's stock worth $910,000 after purchasing an additional 261 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Raymond James Financial initiated coverage on Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price for the company. Barclays lowered their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Sunday. UBS Group lowered their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley started coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $246.33.

Talen Energy Stock Up 0.9%

NASDAQ:TLN opened at $294.17 on Wednesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 7.13 and a beta of 1.78. Talen Energy Corporation has a one year low of $98.50 and a one year high of $296.89. The stock has a 50-day simple moving average of $242.64 and a 200 day simple moving average of $222.49.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. Sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Talen Energy 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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