Spirit of America Management Corp NY Acquires 2,600 Shares of Talen Energy Corporation (NASDAQ:TLN)

Spirit of America Management Corp NY grew its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 92.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,400 shares of the utilities provider's stock after acquiring an additional 2,600 shares during the period. Spirit of America Management Corp NY's holdings in Talen Energy were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Allworth Financial LP lifted 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 valued at $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Talen Energy in the fourth quarter worth about $37,000. Empowered Funds LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth about $42,000. State of Wyoming purchased a new stake in shares of Talen Energy in the fourth quarter worth about $50,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth about $53,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Down 0.6%

TLN stock traded down $1.72 during midday trading on Friday, reaching $288.66. 889,255 shares of the company traded hands, compared to its average volume of 1,085,604. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $294.46. 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 business has a 50 day moving average of $238.99 and a 200-day moving average of $221.49. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 7.06 and a beta of 1.79.

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

Analyst Ratings Changes

A number of research firms recently commented on TLN. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research report on Wednesday, March 5th. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. Wall Street Zen downgraded Talen Energy from a "hold" rating to a "sell" rating in a research report on Sunday. Finally, Raymond James Financial began coverage on Talen Energy in a research report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. One research analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.