Talen Energy Corporation $TLN Shares Bought by Whipplewood Advisors LLC

Whipplewood Advisors LLC increased its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 145.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 691 shares of the utilities provider’s stock after acquiring an additional 409 shares during the quarter. Whipplewood Advisors LLC’s holdings in Talen Energy were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. AlphaQuest LLC lifted its position in Talen Energy by 15,117.4% in the second quarter. AlphaQuest LLC now owns 3,500 shares of the utilities provider’s stock valued at $1,018,000 after buying an additional 3,477 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Talen Energy by 2.8% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 17,643 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 482 shares during the period. Whittier Trust Co. increased its stake in shares of Talen Energy by 2.3% during the second quarter. Whittier Trust Co. now owns 33,548 shares of the utilities provider’s stock worth $9,754,000 after buying an additional 760 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of Talen Energy during the second quarter worth approximately $406,000. Finally, Goldstein Advisors LLC increased its stake in shares of Talen Energy by 60.7% during the second quarter. Goldstein Advisors LLC now owns 1,699 shares of the utilities provider’s stock worth $494,000 after buying an additional 642 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

TLN has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an “outperform” rating in a research note on Friday, July 11th. Scotiabank initiated coverage on shares of Talen Energy in a research note on Monday, September 22nd. They set a “sector perform” rating and a $418.00 target price on the stock. Barclays cut their target price 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. Finally, Evercore ISI upped 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. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $391.31.

Talen Energy Stock Performance

Shares of TLN opened at $407.81 on Monday. The stock has a 50 day moving average price of $402.03 and a 200 day moving average price of $319.03. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 115.53, a price-to-earnings-growth ratio of 2.09 and a beta of 1.88. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.13) by $2.63. The firm had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. Research analysts predict 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.