Bank of Montreal Can Has $420,000 Stake in Talen Energy Corporation $TLN

Bank of Montreal Can reduced its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 50.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,444 shares of the utilities provider’s stock after selling 1,481 shares during the quarter. Bank of Montreal Can’s holdings in Talen Energy were worth $420,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TLN. Signaturefd LLC increased its stake in shares of Talen Energy by 310.0% in the 1st 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 period. Brooklyn Investment Group bought a new position in Talen Energy in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new stake in Talen Energy in the first quarter worth about $35,000. IFP Advisors Inc raised its holdings in Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 56 shares during the last quarter. Finally, WPG Advisers LLC bought a new stake in Talen Energy during the 1st quarter worth about $51,000. Institutional investors own 0.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. Melius Research lifted their target price on shares of Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Evercore ISI increased their price target on Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Wells Fargo & Company decreased their price objective on Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their target price on Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.07.

Talen Energy Stock Up 1.7%

Talen Energy stock opened at $374.80 on Wednesday. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02. The company has a 50 day moving average of $405.93 and a 200-day moving average of $341.36. The stock has a market capitalization of $17.12 billion, a PE ratio of 81.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.84.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data 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 business had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $707.90 million. During the same period in the previous year, the firm posted $3.16 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. On average, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Talen Energy Company 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.