Ritholtz Wealth Management Invests $292,000 in Talen Energy Corporation $TLN

Key Points

• Ritholtz Wealth Management invested approximately $292,000 in Talen Energy Corporation, acquiring 1,004 shares in the 2nd quarter, as reported in their Form 13F filing.
• Talen Energy reported $1.50 earnings per share (EPS) for the last quarter, significantly exceeding the consensus estimate of ($1.13) by $2.63.
• Analysts have a positive outlook on Talen Energy, with a majority rating the stock a "buy" and an average price target of $390.46.

Ritholtz Wealth Management acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,004 shares of the utilities provider's stock, valued at approximately $292,000.

Other large investors have also modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Talen Energy during the 1st quarter worth $25,000. Golden State Wealth Management LLC bought a new stake in shares of Talen Energy during the 1st quarter worth $35,000. LRI Investments LLC boosted its stake in shares of Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after acquiring an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Talen Energy during the 1st quarter worth $35,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $406.84 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The business has a fifty day simple moving average of $401.33 and a 200 day simple moving average of $313.41. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 115.25, a P/E/G ratio of 2.24 and a beta of 1.88.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) 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 business had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. As a group, sell-side analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TLN. Melius Research raised their price objective on Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Weiss Ratings restated a "hold (c)" rating on shares of Talen Energy in a report on Wednesday, October 8th. UBS Group set a $431.00 target price on Talen Energy and gave the company a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on Talen Energy from $432.00 to $442.00 and gave the company an "overweight" rating in a report on Monday. Finally, Jefferies Financial Group increased their target price on Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 18th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $390.46.

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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