Greenland Capital Management LP Buys New Position in Talen Energy Corporation $TLN

Greenland Capital Management LP purchased a new position in Talen Energy Corporation (NASDAQ:TLN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,645 shares of the utilities provider’s stock, valued at approximately $1,060,000.

Several other hedge funds also recently modified their holdings of TLN. Envestnet Asset Management Inc. grew its stake in shares of Talen Energy by 44.5% in the first quarter. Envestnet Asset Management Inc. now owns 28,620 shares of the utilities provider’s stock worth $5,715,000 after acquiring an additional 8,814 shares during the last quarter. CWM LLC grew its position in Talen Energy by 74.8% in the 1st quarter. CWM LLC now owns 727 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 311 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 93 shares during the period. Victory Capital Management Inc. raised its position in shares of Talen Energy by 45.9% during the first quarter. Victory Capital Management Inc. now owns 14,098 shares of the utilities provider’s stock valued at $2,815,000 after buying an additional 4,438 shares during the last quarter. Finally, IFP Advisors Inc raised 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 buying an additional 56 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Up 4.2%

Shares of NASDAQ TLN opened at $390.51 on Thursday. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The firm’s 50-day moving average is $405.68 and its 200-day moving average is $341.70. 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 firm has a market capitalization of $17.84 billion, a PE ratio of 84.53, a price-to-earnings-growth ratio of 2.30 and a beta of 1.83.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.24. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The business had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. During the same period in the prior year, the business posted $3.16 earnings per share. Talen Energy’s revenue was up 24.9% compared to the same quarter last year. Equities analysts expect that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TLN shares. Melius Research boosted their price target on Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. UBS Group set a $431.00 price objective on shares of Talen Energy and gave the stock a “buy” rating in a report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. Finally, Evercore ISI upped their price objective on Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $395.07.

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.