Harbour Investments Inc. lifted its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 8,717.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,527 shares of the utilities provider's stock after buying an additional 3,487 shares during the quarter. Harbour Investments Inc.'s holdings in Talen Energy were worth $1,026,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wedbush Securities Inc. raised its stake in shares of Talen Energy by 4.4% during the 1st quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock worth $263,000 after buying an additional 55 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after buying an additional 56 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of Talen Energy by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock worth $678,000 after buying an additional 88 shares during the last quarter. Signaturefd LLC raised 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 buying an additional 93 shares during the last quarter. Finally, LRI Investments LLC raised 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 buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.
Talen Energy Stock Performance
Shares of TLN opened at $406.45 on Friday. The business's 50 day moving average is $400.59 and its two-hundred day moving average is $310.90. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 115.14, a PEG ratio of 2.24 and a beta of 1.88. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.
Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The company had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. Analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Scotiabank assumed coverage on Talen Energy in a research note on Monday, September 22nd. They set a "sector perform" rating and a $418.00 price target for the company. UBS Group set a $431.00 price objective on Talen Energy and gave the stock a "buy" rating in a research report on Friday, July 25th. Oppenheimer set a $315.00 price objective on Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. Morgan Stanley lifted their price objective on Talen Energy from $330.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Talen Energy in a research report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Talen Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $376.85.
Check Out Our Latest Stock Report on TLN
Talen Energy Profile
(
Free Report)
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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