Impact Partnership Wealth LLC Acquires Shares of 1,597 Talen Energy Corporation $TLN

Impact Partnership Wealth LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,597 shares of the utilities provider’s stock, valued at approximately $679,000.

A number of other large investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in Talen Energy during the 2nd quarter worth approximately $27,000. MAI Capital Management raised its position in Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares during the period. Grove Bank & Trust purchased a new stake in Talen Energy in the 3rd quarter worth about $32,000. Golden State Wealth Management LLC boosted its position in Talen Energy by 5,100.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 153 shares during the period. Finally, Berbice Capital Management LLC purchased a new position in Talen Energy during the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ TLN opened at $348.36 on Friday. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The stock’s 50-day moving average is $372.46 and its two-hundred day moving average is $380.82. The firm has a market cap of $15.92 billion, a P/E ratio of 75.40, a price-to-earnings-growth ratio of 0.54 and a beta of 1.97. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $707.90 million. During the same period last year, the business earned $3.16 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. On average, analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

TLN has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Morgan Stanley lifted their target price on shares of Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Barclays upped their price target on shares of Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, January 21st. Finally, Wells Fargo & Company boosted their target price on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Twelve 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $400.92.

Talen Energy Company 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).