Nicholas Wealth LLC. Buys New Position in Talen Energy Corporation $TLN

Nicholas Wealth LLC. purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,058 shares of the utilities provider’s stock, valued at approximately $308,000.

Several other large investors have also bought and sold shares of the stock. Wedbush Securities Inc. boosted its holdings in Talen Energy by 4.4% during the 1st quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock worth $263,000 after acquiring an additional 55 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Talen Energy by 42.4% during the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in shares of Talen Energy by 2.7% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider’s stock valued at $678,000 after purchasing an additional 88 shares in the last quarter. Signaturefd LLC boosted its holdings in Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 93 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Talen Energy in the 2nd quarter worth about $27,000. 0.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TLN has been the topic of several recent analyst reports. Melius began coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 target price on the stock. Wells Fargo & Company decreased their price target on Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Evercore ISI boosted their price objective on Talen Energy from $410.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. JPMorgan Chase & Co. upped their price objective on Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Zacks Research cut Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $395.07.

Talen Energy Price Performance

Talen Energy stock opened at $374.80 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The business’s 50 day simple moving average is $405.93 and its 200 day simple moving average is $341.36. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 81.13, a PEG ratio of 2.26 and a beta of 1.84.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The firm had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $707.90 million. During the same quarter in the prior year, the firm earned $3.16 EPS. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. Sell-side analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

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.