Brandywine Global Investment Management LLC Buys 4,530 Shares of Talen Energy Corporation $TLN

Brandywine Global Investment Management LLC grew its stake in Talen Energy Corporation (NASDAQ:TLN) by 81.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,123 shares of the utilities provider’s stock after buying an additional 4,530 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Talen Energy were worth $2,943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in Talen Energy in the 2nd quarter valued at $27,000. MAI Capital Management raised its stake in shares of Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 59 shares during the period. Brooklyn Investment Group bought a new stake in shares of Talen Energy in the first quarter valued at about $25,000. Golden State Wealth Management LLC boosted its position in shares of Talen Energy by 5,100.0% during the second quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after buying an additional 153 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy during the first quarter worth about $35,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Trading Up 4.0%

Shares of NASDAQ:TLN opened at $380.49 on Tuesday. The company has a market capitalization of $17.38 billion, a P/E ratio of 82.36, a P/E/G ratio of 1.99 and a beta of 1.83. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The business’s 50 day simple moving average is $403.82 and its 200 day simple moving average is $345.50.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. The company had revenue of $812.00 million during the quarter, compared to analysts’ expectations of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.16 EPS. On average, research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TLN has been the subject of a number of analyst reports. Scotiabank began coverage on shares of Talen Energy in a research report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 target price for the company. Wells Fargo & Company dropped their price target on Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Melius Research upped their price objective on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Morgan Stanley cut their target price on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating for the company in a research note on Tuesday, October 28th. Fourteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Talen Energy has an average rating of “Moderate Buy” and a consensus price target of $395.07.

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.