O Brien Greene & Co. Inc Boosts Stock Position in Talen Energy Corporation $TLN

O Brien Greene & Co. Inc raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,945 shares of the utilities provider’s stock after purchasing an additional 500 shares during the period. Talen Energy comprises approximately 1.2% of O Brien Greene & Co. Inc’s holdings, making the stock its 27th largest holding. O Brien Greene & Co. Inc’s holdings in Talen Energy were worth $3,764,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TLN. Russell Investments Group Ltd. increased its position in shares of Talen Energy by 75.8% in the 1st quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider’s stock worth $3,495,000 after purchasing an additional 7,547 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in Talen Energy during the first quarter valued at approximately $756,000. TCW Group Inc. bought a new position in Talen Energy during the 1st quarter worth approximately $9,266,000. Advisors Asset Management Inc. acquired a new position in shares of Talen Energy in the 1st quarter worth approximately $246,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Talen Energy by 114.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider’s stock valued at $717,000 after acquiring an additional 1,920 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Down 4.4%

TLN stock opened at $385.93 on Friday. The firm has a market cap of $17.63 billion, a PE ratio of 83.53, a P/E/G ratio of 2.46 and a beta of 1.83. 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 firm has a 50 day simple moving average of $407.36 and a 200 day simple moving average of $330.55. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. Talen Energy had a net margin of 9.83% and a return on equity of 14.05%. The business had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. During the same quarter in the previous year, the business earned $3.16 earnings per share. The firm’s revenue was up 24.9% compared to the same quarter last year. Equities research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TLN shares. Scotiabank started coverage on Talen Energy in a research note on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price objective on the stock. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an “outperform” rating in a report on Friday, July 11th. Wells Fargo & Company reduced their price target on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a research report on Thursday. Jefferies Financial Group lifted their price target on shares of Talen Energy from $326.00 to $380.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Zacks Research downgraded Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and a consensus price target of $395.07.

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.