Charles Schwab Investment Management Inc. Acquires 20,822 Shares of Talen Energy Corporation $TLN

Charles Schwab Investment Management Inc. raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 415,465 shares of the utilities provider’s stock after purchasing an additional 20,822 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.91% of Talen Energy worth $120,805,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. IFP Advisors Inc boosted its stake in Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock valued at $38,000 after buying an additional 56 shares in the last quarter. MAI Capital Management lifted its holdings in shares of Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 59 shares during the last quarter. Main Management ETF Advisors LLC boosted its stake in shares of Talen Energy by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock valued at $1,066,000 after purchasing an additional 60 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Talen Energy by 4.8% during the 2nd quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 63 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Talen Energy during the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on TLN shares. Barclays dropped their price objective on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. 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. Scotiabank initiated coverage on Talen Energy in a research report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price objective on the stock. Wells Fargo & Company lowered their target price on Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Melius Research increased their target price on Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $395.07.

Talen Energy Price Performance

TLN stock opened at $392.42 on Friday. 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 firm has a market cap of $17.93 billion, a price-to-earnings ratio of 84.94, a PEG ratio of 2.14 and a beta of 1.83. The company’s fifty day simple moving average is $402.44 and its 200 day simple moving average is $347.22. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.24. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The firm had revenue of $812.00 million during the quarter, compared to analyst estimates of $707.90 million. During the same period last year, the company posted $3.16 EPS. The business’s quarterly revenue was up 24.9% on a year-over-year basis. On average, 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.