6,070 Shares in Talen Energy Corporation $TLN Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,070 shares of the utilities provider’s stock, valued at approximately $2,582,000.

Other hedge funds also recently made changes to their positions in the company. Fred Alger Management LLC increased its holdings in shares of Talen Energy by 56.3% during the 1st quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock worth $297,937,000 after acquiring an additional 537,398 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Talen Energy by 26.1% in the second quarter. Geode Capital Management LLC now owns 794,754 shares of the utilities provider’s stock valued at $231,150,000 after purchasing an additional 164,734 shares during the last quarter. Third Point LLC raised its position in shares of Talen Energy by 34.2% in the second quarter. Third Point LLC now owns 785,000 shares of the utilities provider’s stock valued at $228,254,000 after purchasing an additional 200,000 shares during the period. State Street Corp lifted its stake in shares of Talen Energy by 151.0% during the 2nd quarter. State Street Corp now owns 711,231 shares of the utilities provider’s stock worth $206,805,000 after buying an additional 427,910 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Talen Energy by 18.9% during the 2nd quarter. Invesco Ltd. now owns 599,010 shares of the utilities provider’s stock worth $174,174,000 after buying an additional 95,147 shares during the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $378.97 on Wednesday. The business has a fifty day moving average price of $378.19 and a two-hundred day moving average price of $367.94. The stock has a market capitalization of $17.32 billion, a PE ratio of 82.03, a P/E/G ratio of 2.50 and a beta of 1.89. 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 Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results 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 company had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.Talen Energy’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business earned $3.16 earnings per share. As a group, equities analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on TLN shares. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. Zacks Research cut Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Scotiabank began coverage on Talen Energy in a report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and a consensus target price of $395.21.

About Talen Energy

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).