Janney Montgomery Scott LLC Sells 2,829 Shares of Talen Energy Corporation $TLN

Key Points

• Janney Montgomery Scott LLC sold 2,829 shares of Talen Energy Corporation, reducing its holdings by 19.1% to a total of 11,981 shares, valued at approximately $3.48 million.
• Talen Energy recently reported a **net margin** of 8.75% and earnings per share of $1.50, significantly exceeding the consensus estimate of **($1.13)**.
• Thirteen analysts have rated Talen Energy with a *Buy* rating, and it has a consensus price target of **$376.85**, indicating positive sentiment toward the stock.

Janney Montgomery Scott LLC decreased its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 19.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,981 shares of the utilities provider's stock after selling 2,829 shares during the period. Janney Montgomery Scott LLC's holdings in Talen Energy were worth $3,484,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares during the period. Brooklyn Investment Group bought a new position in shares of Talen Energy in the first quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in shares of Talen Energy in the first quarter worth about $35,000. LRI Investments LLC boosted its stake in shares of Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after acquiring an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy in the first quarter worth about $35,000. Institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Melius started coverage on Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 price objective for the company. Barclays boosted their target price on Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, September 11th. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Talen Energy in a research report on Wednesday. Finally, Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Talen Energy has a consensus rating of "Moderate Buy" and a consensus price target of $376.85.

Talen Energy Trading Up 3.4%

Shares of NASDAQ TLN opened at $445.84 on Thursday. 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 business's 50 day moving average price is $394.76 and its 200-day moving average price is $299.87. Talen Energy Corporation has a fifty-two week low of $148.02 and a fifty-two week high of $451.28. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 126.30, a PEG ratio of 2.31 and a beta of 1.88.

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 for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The firm had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. On average, sell-side analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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.

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