Oppenheimer Asset Management Inc. Raises Holdings in Talen Energy Corporation (NASDAQ:TLN)

Oppenheimer Asset Management Inc. boosted its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 10.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,205 shares of the utilities provider's stock after purchasing an additional 1,055 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Talen Energy were worth $2,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TLN. Congress Park Capital LLC bought a new position in shares of Talen Energy during the first quarter valued at about $250,000. Spirit of America Management Corp NY raised its position in Talen Energy by 92.9% during the 1st quarter. Spirit of America Management Corp NY now owns 5,400 shares of the utilities provider's stock valued at $1,078,000 after purchasing an additional 2,600 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in Talen Energy by 15.6% in the 1st quarter. Avior Wealth Management LLC now owns 1,484 shares of the utilities provider's stock worth $296,000 after buying an additional 200 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in Talen Energy in the 1st quarter worth approximately $3,306,000. Finally, Bfsg LLC purchased a new position in shares of Talen Energy during the first quarter valued at approximately $716,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

NASDAQ TLN opened at $291.38 on Friday. The stock has a market capitalization of $13.26 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 6.91 and a beta of 1.78. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $300.00. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The business's fifty day moving average price is $246.10 and its 200-day moving average price is $223.51.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The firm had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. On average, equities analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TLN shares. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. UBS Group cut their price objective on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Raymond James Financial started coverage on Talen Energy in a research report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price for the company. Barclays lowered their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reduced their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $246.33.

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.

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.