Geneos Wealth Management Inc. Buys 567 Shares of Talen Energy Corporation $TLN

Geneos Wealth Management Inc. raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 290.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 762 shares of the utilities provider’s stock after acquiring an additional 567 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Talen Energy were worth $152,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Talen Energy by 310.0% in 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 bought a new position in shares of Talen Energy in the first quarter valued at about $25,000. Golden State Wealth Management LLC bought a new position in shares of Talen Energy in the first quarter valued at about $35,000. LRI Investments LLC raised its holdings in shares of 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 buying an additional 111 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy in the first quarter valued at about $35,000. 0.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group set a $431.00 price target on Talen Energy and gave the company a “buy” rating in a report on Friday, July 25th. Melius Research lifted their price target on Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Evercore ISI lifted 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. Raymond James Financial assumed coverage on Talen Energy in a report on Friday, June 13th. They issued an “outperform” rating and a $314.00 price target for the company. Finally, Susquehanna reaffirmed an “overweight” rating on shares of Talen Energy in a report on Thursday, June 12th. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $354.29.

Talen Energy Price Performance

Shares of TLN opened at $409.60 on Wednesday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. The stock has a 50 day simple moving average of $358.24 and a 200 day simple moving average of $275.12. Talen Energy Corporation has a 52-week low of $148.02 and a 52-week high of $411.44. The firm has a market capitalization of $18.71 billion, a PE ratio of 116.03, a P/E/G ratio of 1.95 and a beta of 1.89.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $481.48 million. Sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insider Activity

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the sale, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 388,530 shares of company stock valued at $114,090,933.

About Talen Energy

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.