1,057 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Goldstein Advisors LLC

Goldstein Advisors LLC bought a new stake in Talen Energy Corporation (NASDAQ:TLN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,057 shares of the utilities provider’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLN. Golden State Wealth Management LLC purchased a new stake in Talen Energy in the first quarter valued at $35,000. Allworth Financial LP raised its position in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 116 shares during the period. Jones Financial Companies Lllp purchased a new stake in Talen Energy in the fourth quarter valued at $37,000. State of Wyoming purchased a new stake in Talen Energy in the fourth quarter valued at $50,000. Finally, Whipplewood Advisors LLC purchased a new stake in Talen Energy in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $288.00 on Thursday. The stock’s 50-day moving average is $244.34 and its two-hundred day moving average is $222.94. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $300.00. The company has a market cap of $13.11 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 7.20 and a beta of 1.78.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. The company had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $556.93 million. Analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on TLN. Susquehanna reiterated an “overweight” rating on shares of Talen Energy in a report on Thursday, June 12th. UBS Group cut their price objective on Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Raymond James Financial began coverage on Talen Energy in a report on Friday, June 13th. They issued an “outperform” rating and a $314.00 price objective on the stock. Wall Street Zen downgraded Talen Energy from a “hold” rating to a “sell” rating in a report on Sunday. Finally, JPMorgan Chase & Co. cut their price objective on Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. One research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $246.33.

Talen Energy 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.