Talen Energy Corporation $TLN Stock: IFP Advisors Inc Boosts Position

Key Points

• IFP Advisors increased its Talen Energy stake by 1,765.4% in the third quarter, purchasing 5,402 additional shares and bringing its holdings to 5,708 shares valued at approximately $1.785 million.
• Talen Energy shares opened at $359.49, up 2.9%, with a 52-week range of $279.77 to $449.84. The company reported a quarterly EPS loss of $2.00, missing estimates, although revenue exceeded expectations.
• Analyst sentiment remains generally positive, with nine Buy ratings, three Holds and one Sell; the stock has a Moderate Buy consensus rating and an average price target of $462.31.

IFP Advisors Inc boosted its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 1,765.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,708 shares of the utilities provider's stock after buying an additional 5,402 shares during the period. IFP Advisors Inc's holdings in Talen Energy were worth $1,785,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new stake in Talen Energy in the second quarter worth $33,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Talen Energy in the second quarter worth $38,000. Grove Bank & Trust increased its holdings in shares of Talen Energy by 40.5% during the third quarter. Grove Bank & Trust now owns 104 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 30 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Talen Energy during the second quarter valued at $41,000. Finally, Silvant Capital Management LLC bought a new position in shares of Talen Energy during the second quarter valued at $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 2.9%

Shares of Talen Energy stock opened at $359.49 on Thursday. Talen Energy Corporation has a twelve month low of $279.77 and a twelve month high of $449.84. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The company's 50 day moving average is $323.93 and its 200 day moving average is $350.89. The company has a market cap of $17.22 billion, a price-to-earnings ratio of -86.21 and a beta of 1.82.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing analysts' consensus estimates of $3.21 by ($5.21). The company had revenue of $959.00 million during the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. Research analysts anticipate that Talen Energy Corporation will post 21.83 EPS for the current year.

Analyst Upgrades and Downgrades

TLN has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce started coverage on Talen Energy in a research report on Thursday, October 15th. They issued a "sector outperform" rating and a $499.00 price target for the company. Wall Street Zen downgraded shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Zacks Research downgraded shares of Talen Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 27th. Scotiabank upped their price objective on Talen Energy from $463.00 to $470.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 15th. Finally, Susquehanna set a $449.00 target price on Talen Energy in a research note on Friday, August 7th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $462.31.

Talen Energy Profile

Talen Energy Corporation NASDAQ: TLN is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen's generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company's operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.

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