Impact Partnership Wealth LLC Invests $679,000 in Talen Energy Corporation $TLN

Impact Partnership Wealth LLC bought a new stake in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, Holdings Channel.com reports. The fund bought 1,597 shares of the utilities provider’s stock, valued at approximately $679,000.

A number of other large investors also recently modified their holdings of TLN. New York State Common Retirement Fund boosted its position in shares of Talen Energy by 33.5% in the third quarter. New York State Common Retirement Fund now owns 24,700 shares of the utilities provider’s stock valued at $10,507,000 after acquiring an additional 6,200 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Talen Energy by 58.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,602 shares of the utilities provider’s stock valued at $681,000 after purchasing an additional 588 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Talen Energy by 57.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 376,562 shares of the utilities provider’s stock worth $160,182,000 after purchasing an additional 137,182 shares during the period. Federated Hermes Inc. bought a new position in shares of Talen Energy during the 3rd quarter worth about $1,736,000. Finally, Truist Financial Corp raised its position in shares of Talen Energy by 2.3% during the third quarter. Truist Financial Corp now owns 5,322 shares of the utilities provider’s stock valued at $2,264,000 after buying an additional 121 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Price Performance

Shares of TLN stock opened at $348.36 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. The stock’s fifty day simple moving average is $372.46 and its 200 day simple moving average is $380.82. Talen Energy Corporation has a one year low of $158.08 and a one year high of $451.28. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 75.40, a P/E/G ratio of 0.54 and a beta of 1.97.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TLN. 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 research report on Monday, October 20th. Barclays boosted their price objective on Talen Energy from $439.00 to $457.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Wells Fargo & Company upped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, January 21st. Finally, Morgan Stanley boosted their price target on shares of Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Talen Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.92.

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).