Strs Ohio Buys Shares of 6,321 Talen Energy Corporation $TLN

Strs Ohio bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,321 shares of the utilities provider’s stock, valued at approximately $1,838,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wedbush Securities Inc. increased its stake in shares of Talen Energy by 4.4% in the 1st quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 55 shares in the last quarter. IFP Advisors Inc increased its position in Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after buying an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in Talen Energy by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider’s stock worth $678,000 after buying an additional 88 shares in the last quarter. Signaturefd LLC increased its position in Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after buying an additional 93 shares in the last quarter. Finally, LRI Investments LLC increased its position in Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock worth $35,000 after buying an additional 111 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TLN. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. Wells Fargo & Company initiated coverage on Talen Energy in a research report on Monday, October 27th. They set an “overweight” rating and a $453.00 price objective for the company. Zacks Research lowered Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Evercore ISI raised their price target on Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, September 9th. Finally, Jefferies Financial Group raised their price target on Talen Energy from $326.00 to $380.00 and gave the company a “buy” rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $395.64.

Talen Energy Stock Down 4.4%

Shares of TLN opened at $395.25 on Wednesday. The firm has a market capitalization of $18.06 billion, a P/E ratio of 111.97, a P/E/G ratio of 2.45 and a beta of 1.83. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The firm has a fifty day moving average price of $406.97 and a 200-day moving average price of $329.65.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The business had revenue of $630.00 million during the quarter, compared to analysts’ expectations of $481.48 million. Equities research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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.