Ensign Peak Advisors Inc Has $958,000 Stock Holdings in Talen Energy Corporation $TLN

Ensign Peak Advisors Inc reduced its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,295 shares of the utilities provider’s stock after selling 219 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Talen Energy were worth $958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Talen Energy during the first quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Talen Energy during the 2nd quarter worth approximately $27,000. Golden State Wealth Management LLC lifted its holdings in shares of Talen Energy by 5,100.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 153 shares during the period. WPG Advisers LLC acquired a new stake in shares of Talen Energy during the 1st quarter worth approximately $51,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Talen Energy in the second quarter valued at approximately $87,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

Shares of TLN stock opened at $394.08 on Friday. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 85.30, a PEG ratio of 2.15 and a beta of 1.83. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The business’s 50-day moving average price is $401.85 and its 200-day moving average price is $349.07. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $707.90 million. During the same quarter last year, the business earned $3.16 EPS. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. Equities research analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on TLN. Melius began coverage on Talen Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $427.00 target price for the company. Barclays reduced their price objective on Talen Energy from $440.00 to $439.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Evercore ISI boosted their target price on Talen Energy from $410.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. JPMorgan Chase & Co. increased their target price on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Melius Research lifted their price target 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. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $395.07.

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.