Petra Financial Advisors Inc. Takes Position in Talen Energy Corporation $TLN

Petra Financial Advisors Inc. bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 2,162 shares of the utilities provider’s stock, valued at approximately $629,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in Talen Energy by 75.8% in the first quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider’s stock valued at $3,495,000 after buying an additional 7,547 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in shares of Talen Energy in the first quarter valued at about $756,000. TCW Group Inc. acquired a new position in Talen Energy in the 1st quarter valued at about $9,266,000. Advisors Asset Management Inc. acquired a new position in shares of Talen Energy in the first quarter valued at approximately $246,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Talen Energy by 114.9% during the first quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider’s stock worth $717,000 after purchasing an additional 1,920 shares during the period. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Performance

Talen Energy stock opened at $407.12 on Tuesday. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The company has a fifty day moving average price of $402.64 and a two-hundred day moving average price of $320.45. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. The company has a market cap of $18.60 billion, a PE ratio of 115.33, a P/E/G ratio of 2.09 and a beta of 1.88.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping 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 analysts’ expectations of $481.48 million. Research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TLN. Wall Street Zen raised Talen Energy from a “sell” rating to a “hold” rating in a report on Monday, August 11th. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the company an “outperform” rating in a report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Wells Fargo & Company initiated coverage on shares of Talen Energy in a research report on Monday. They issued an “overweight” rating and a $453.00 target price on the stock. Finally, Melius started coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $427.00 target price on the stock. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and a consensus target price of $395.71.

Talen Energy Company 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.