Louisiana State Employees Retirement System Makes New Investment in Talen Energy Corporation $TLN

Louisiana State Employees Retirement System acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 12,700 shares of the utilities provider’s stock, valued at approximately $5,402,000.

A number of other hedge funds also recently modified their holdings of the stock. Gunderson Capital Management Inc. grew its stake in Talen Energy by 2.9% in the 3rd quarter. Gunderson Capital Management Inc. now owns 10,785 shares of the utilities provider’s stock valued at $4,588,000 after buying an additional 302 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Talen Energy by 2,050.0% during the third quarter. CoreCap Advisors LLC now owns 129 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 123 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Talen Energy in the third quarter valued at approximately $235,000. Daymark Wealth Partners LLC acquired a new position in shares of Talen Energy in the third quarter valued at approximately $237,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Talen Energy during the third quarter worth approximately $516,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Down 4.7%

Shares of Talen Energy stock opened at $374.71 on Thursday. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 81.11, a PEG ratio of 0.61 and a beta of 1.97. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28. The firm’s 50-day moving average price is $376.94 and its two-hundred day moving average price is $371.47.

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

Analyst Upgrades and Downgrades

TLN has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $443.00 price objective on shares of Talen Energy in a report on Tuesday, December 16th. Barclays decreased their price target on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. JPMorgan Chase & Co. lifted their price objective 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. Scotiabank initiated coverage on shares of Talen Energy in a research report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 target price on the stock. Finally, Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.21.

Talen Energy Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).