Whittier Trust Co. Buys 760 Shares of Talen Energy Corporation $TLN

Key Points

• Whittier Trust Co. increased its stake in Talen Energy Corporation by 2.3%, owning a total of 33,548 shares valued at approximately $9.75 million.
• Talen Energy reported a quarterly earnings per share of $1.50, significantly beating the consensus estimate of ($1.13), with revenue reaching $630 million, exceeding forecasts by nearly $150 million.
• Analysts have mixed views on Talen Energy, with price targets ranging from $390.38 to $576.00, reflecting strong interest in the stock as evidenced by a consensus rating of "Moderate Buy".

Whittier Trust Co. boosted its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,548 shares of the utilities provider's stock after purchasing an additional 760 shares during the quarter. Whittier Trust Co. owned approximately 0.07% of Talen Energy worth $9,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Chicago Partners Investment Group LLC purchased a new stake in shares of Talen Energy in the 2nd quarter valued at about $406,000. Goldstein Advisors LLC raised its holdings in shares of Talen Energy by 60.7% in the 2nd quarter. Goldstein Advisors LLC now owns 1,699 shares of the utilities provider's stock valued at $494,000 after acquiring an additional 642 shares in the last quarter. Spirit of America Management Corp NY raised its holdings in shares of Talen Energy by 21.3% in the 2nd quarter. Spirit of America Management Corp NY now owns 6,550 shares of the utilities provider's stock valued at $1,905,000 after acquiring an additional 1,150 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Talen Energy in the 2nd quarter valued at about $292,000. Finally, Harbour Investments Inc. raised its holdings in shares of Talen Energy by 8,717.5% in the 2nd quarter. Harbour Investments Inc. now owns 3,527 shares of the utilities provider's stock valued at $1,026,000 after acquiring an additional 3,487 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Trading Down 6.1%

NASDAQ TLN opened at $382.09 on Wednesday. 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 Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The firm has a market capitalization of $17.46 billion, a PE ratio of 108.24, a P/E/G ratio of 2.24 and a beta of 1.88. The stock's 50 day moving average is $401.36 and its 200 day moving average is $313.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate 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. Research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TLN has been the topic of several recent analyst reports. Barclays lowered their price target on Talen Energy from $440.00 to $439.00 and set an "overweight" rating on the stock in a report on Tuesday. 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. JPMorgan Chase & Co. raised their price target on Talen Energy from $432.00 to $442.00 and gave the stock an "overweight" rating in a research report on Monday. Evercore ISI raised 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. Finally, Melius Research lifted their price objective on Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $390.38.

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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