Vanguard Personalized Indexing Management LLC Takes $496,000 Position in Talen Energy Corporation $TLN

Key Points

• Vanguard Personalized Indexing Management LLC has acquired a new position in Talen Energy Corporation, purchasing 1,705 shares valued at approximately $496,000.
• The stock has a market capitalization of $17.39 billion and reported an EPS of $1.50 for the last quarter, exceeding analysts' expectations.
• A number of analysts have given Talen Energy an average rating of "Moderate Buy" with a consensus target price of $391.31.

Vanguard Personalized Indexing Management LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,705 shares of the utilities provider's stock, valued at approximately $496,000.

Several other large investors have also recently added to or reduced their stakes in TLN. Janney Montgomery Scott LLC lifted its position in Talen Energy by 15.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,810 shares of the utilities provider's stock worth $2,957,000 after acquiring an additional 1,951 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Talen Energy by 10.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,205 shares of the utilities provider's stock worth $2,237,000 after buying an additional 1,055 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Talen Energy during the first quarter worth approximately $703,000. Golden State Wealth Management LLC bought a new position in Talen Energy during the 1st quarter valued at $35,000. Finally, Goldstein Advisors LLC bought a new stake in Talen Energy in the first quarter valued at about $211,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Price Performance

Shares of TLN opened at $380.69 on Thursday. The firm has a market capitalization of $17.39 billion, a PE ratio of 107.84, a PEG ratio of 2.10 and a beta of 1.88. The company's 50-day moving average is $401.37 and its 200-day moving average is $314.35. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.75% and a return on equity of 17.81%. The business had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. Equities analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TLN shares. Morgan Stanley reaffirmed an "overweight" rating and set a $442.00 price objective on shares of Talen Energy in a research report on Wednesday. Melius started coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $427.00 target price for the company. Scotiabank assumed coverage on shares of Talen Energy in a report on Monday, September 22nd. They issued a "sector perform" rating and a $418.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, UBS Group set a $431.00 price objective on Talen Energy and gave the company a "buy" rating in a report on Friday, July 25th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $391.31.

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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