Thrivent Financial for Lutherans Has $5.85 Million Position in Talen Energy Corporation $TLN

Thrivent Financial for Lutherans lifted its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 343.2% during the 2nd quarter, Holdings Channel reports. The firm owned 20,135 shares of the utilities provider’s stock after purchasing an additional 15,592 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Talen Energy were worth $5,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. MAI Capital Management grew its holdings in Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 59 shares during the period. Main Management ETF Advisors LLC lifted its position in shares of Talen Energy by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock valued at $1,066,000 after buying an additional 60 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Talen Energy by 4.8% during the 2nd quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock worth $401,000 after acquiring an additional 63 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Talen Energy during the 2nd quarter worth approximately $27,000. Finally, Creative Financial Designs Inc. ADV raised its stake in Talen Energy by 18.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 651 shares of the utilities provider’s stock valued at $189,000 after acquiring an additional 100 shares during the period. 0.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TLN. Zacks Research cut shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $443.00 target price on shares of Talen Energy in a report on Tuesday. 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. Wells Fargo & Company cut 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 report on Thursday, November 6th. Finally, Scotiabank assumed coverage on Talen Energy in a research report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and an average price target of $395.21.

Talen Energy Stock Up 0.1%

NASDAQ TLN opened at $372.25 on Friday. 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 company has a market cap of $17.01 billion, a price-to-earnings ratio of 80.57, a PEG ratio of 2.34 and a beta of 1.89. The company has a 50 day moving average of $382.84 and a 200-day moving average of $360.87. Talen Energy Corporation has a 1-year low of $158.08 and a 1-year high of $451.28.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. The firm had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the company earned $3.16 EPS. On average, equities research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

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).