Wealth Enhancement Advisory Services LLC Acquires New Shares in Talen Energy Corporation $TLN

Wealth Enhancement Advisory Services LLC purchased a new position in Talen Energy Corporation (NASDAQ:TLN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,339 shares of the utilities provider’s stock, valued at approximately $383,000.

Several other large investors also recently modified their holdings of the business. Pallas Capital Advisors LLC bought a new stake in shares of Talen Energy in the second quarter worth about $289,000. NBC Securities Inc. boosted its position in shares of Talen Energy by 5.5% during the second quarter. NBC Securities Inc. now owns 15,796 shares of the utilities provider’s stock worth $4,593,000 after buying an additional 818 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Talen Energy by 29.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,775 shares of the utilities provider’s stock worth $807,000 after buying an additional 624 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Talen Energy by 290.8% during the first quarter. Geneos Wealth Management Inc. now owns 762 shares of the utilities provider’s stock worth $152,000 after buying an additional 567 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Talen Energy by 15.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after buying an additional 6,498 shares during the period. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Talen Energy in a research report on Friday, June 13th. They set an “outperform” rating and a $314.00 price objective for the company. Morgan Stanley upped their price objective on Talen Energy from $330.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Jefferies Financial Group upped their price objective on Talen Energy from $326.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Melius started coverage on Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target for the company. Finally, Susquehanna reissued an “overweight” rating on shares of Talen Energy in a research report on Thursday, June 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Talen Energy has an average rating of “Moderate Buy” and an average target price of $376.85.

Talen Energy Trading Up 0.1%

Shares of TLN stock opened at $431.04 on Wednesday. The stock’s fifty day moving average price is $393.31 and its two-hundred day moving average price is $298.85. The company has a market cap of $19.69 billion, a PE ratio of 122.11, a P/E/G ratio of 2.53 and a beta of 1.88. Talen Energy Corporation has a fifty-two week low of $148.02 and a fifty-two week high of $451.28. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

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