Talen Energy Corporation $TLN Shares Purchased by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio significantly increased its stake in Talen Energy Corporation by 24,791.2% in the second quarter, now owning 14,188 shares valued at approximately $4.13 million.
• Analysts have set optimistic price targets for Talen Energy, with UBS Group proposing a target of $431.00 and Evercore ISI increasing their target to $450.00, reflecting high confidence in the stock's potential.
• Talen Energy reported strong earnings, with an EPS of $1.50 for the last quarter, surpassing estimates and achieving a revenue of $630 million, indicating robust financial performance.

Public Employees Retirement System of Ohio raised its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 24,791.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,188 shares of the utilities provider's stock after buying an additional 14,131 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Talen Energy were worth $4,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Talen Energy during the first quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Talen Energy during the 1st quarter worth approximately $35,000. LRI Investments LLC raised its position 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 purchasing an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Talen Energy during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TLN shares. UBS Group set a $431.00 price target on Talen Energy and gave the stock a "buy" rating in a research report on Friday, July 25th. Melius started coverage on Talen Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price target on the stock. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Scotiabank started coverage on Talen Energy in a research report on Monday, September 22nd. They set a "sector perform" rating and a $418.00 price target on the stock. Finally, Evercore ISI increased their price target on Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 9th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $367.50.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $425.38 on Wednesday. Talen Energy Corporation has a one year low of $148.02 and a one year high of $430.71. The stock has a fifty day moving average of $384.99 and a 200-day moving average of $291.12. The company has a market capitalization of $19.44 billion, a PE ratio of 120.50, a price-to-earnings-growth ratio of 2.47 and a beta of 1.89. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. Talen Energy had a return on equity of 9.58% and a net margin of 8.75%.The company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. As a group, equities analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

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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