Maryland State Retirement & Pension System Invests $641,000 in Talen Energy Corporation $TLN

Key Points

• The Maryland State Retirement & Pension System invested approximately $641,000 in Talen Energy Corporation, purchasing 2,205 shares in the second quarter.
• Talen Energy reported $1.50 earnings per share for the last quarter, exceeding analyst estimates by $2.63, with revenues of $630 million compared to a consensus of $481.48 million.
• Analysts have a consensus rating of "Moderate Buy" on Talen Energy's stock, with a price target of $376.85 and 13 analysts rating it a Buy.

Maryland State Retirement & Pension System purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,205 shares of the utilities provider's stock, valued at approximately $641,000.

A number of other large investors have also recently added to or reduced their stakes in TLN. Venturi Wealth Management LLC bought a new position in shares of Talen Energy in the 2nd quarter worth about $236,000. Kingswood Wealth Advisors LLC acquired a new position in Talen Energy during the 2nd quarter valued at about $478,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Talen Energy by 789.5% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,014 shares of the utilities provider's stock worth $295,000 after purchasing an additional 900 shares during the last quarter. Truist Financial Corp grew its stake in shares of Talen Energy by 37.7% in the 2nd quarter. Truist Financial Corp now owns 5,201 shares of the utilities provider's stock worth $1,512,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Diversified Enterprises LLC acquired a new position in shares of Talen Energy in the 2nd quarter worth approximately $270,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Price Performance

Shares of TLN opened at $435.83 on Tuesday. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. 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 $397.70 and a 200 day simple moving average of $305.83. The firm has a market capitalization of $19.91 billion, a PE ratio of 123.46, a P/E/G ratio of 2.22 and a beta of 1.88.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of ($1.13) by $2.63. The firm 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%. Sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TLN. Jefferies Financial Group raised their price target on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Melius Research lifted their price target on shares of Talen Energy from $427.00 to $576.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Zacks Research downgraded shares of Talen Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 18th. Melius assumed coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 target price on the stock. Finally, UBS Group set a $431.00 target price on shares of Talen Energy and gave the company a "buy" rating in a research note on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $376.85.

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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