AlphaQuest LLC Increases Position in Talen Energy Corporation $TLN

AlphaQuest LLC increased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 15,117.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,500 shares of the utilities provider’s stock after buying an additional 3,477 shares during the quarter. AlphaQuest LLC’s holdings in Talen Energy were worth $1,018,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock valued at $25,000 after buying an additional 93 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Talen Energy in the first quarter valued at $25,000. Golden State Wealth Management LLC purchased a new stake in Talen Energy in the first quarter valued at $35,000. LRI Investments LLC boosted its holdings in Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 111 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Talen Energy in the first quarter valued at $35,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Up 6.3%

TLN stock opened at $407.81 on Friday. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 115.53, a PEG ratio of 2.09 and a beta of 1.88. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The firm has a 50-day moving average of $402.03 and a two-hundred day moving average of $318.22.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of ($1.13) by $2.63. The company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. As a group, analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research lowered shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a report on Friday. Melius assumed coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price objective for the company. Melius Research increased their target price on shares of Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, Evercore ISI increased their target price on shares of Talen Energy from $410.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $391.31.

Talen Energy Company Profile

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.