Talen Energy Corporation $TLN Position Increased by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its holdings in Talen Energy Corporation (NASDAQ:TLN) by 107.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 941 shares of the utilities provider’s stock after buying an additional 488 shares during the quarter. First Horizon Advisors Inc.’s holdings in Talen Energy were worth $274,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wedbush Securities Inc. boosted its stake in shares of 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 in the last quarter. IFP Advisors Inc lifted its holdings 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 during the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Talen Energy by 2.7% in the 1st 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 during the period. Signaturefd LLC increased its stake in Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 93 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Talen Energy by 18.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 651 shares of the utilities provider’s stock valued at $189,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

TLN has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wells Fargo & Company decreased their price objective on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a research note on Thursday. Melius Research boosted their target price on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a report on Monday, August 11th. Finally, Evercore ISI lifted their price target on Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a report 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $395.07.

Talen Energy Trading Up 0.2%

Talen Energy stock opened at $386.57 on Friday. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The company has a quick ratio of 1.34, a current ratio of 2.29 and a debt-to-equity ratio of 2.02. The stock has a market cap of $17.66 billion, a P/E ratio of 83.67, a P/E/G ratio of 2.35 and a beta of 1.83. The company’s fifty day simple moving average is $407.51 and its 200-day simple moving average is $331.91.

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

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.