Creative Planning Invests $466,000 in Talen Energy Corporation $TLN

Creative Planning acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,604 shares of the utilities provider’s stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Third Point LLC bought a new position in Talen Energy during the 1st quarter worth about $116,807,000. Fred Alger Management LLC boosted its position in shares of Talen Energy by 56.3% during the first quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock worth $297,937,000 after buying an additional 537,398 shares during the period. PointState Capital LP acquired a new position in shares of Talen Energy during the first quarter worth about $75,148,000. Assenagon Asset Management S.A. bought a new position in shares of Talen Energy during the second quarter worth about $91,239,000. Finally, Ameriprise Financial Inc. raised its position in Talen Energy by 6,621.1% in the 1st quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider’s stock valued at $60,638,000 after buying an additional 299,143 shares during the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on TLN. Morgan Stanley cut their target price on Talen Energy from $442.00 to $441.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. Scotiabank assumed 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. Finally, Melius initiated coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price target on the stock. Thirteen investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $395.07.

Talen Energy Trading Down 3.7%

NASDAQ TLN opened at $354.24 on Friday. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. 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 stock has a 50 day moving average of $396.72 and a 200-day moving average of $352.62. The company has a market cap of $16.19 billion, a PE ratio of 76.68, a PEG ratio of 2.00 and a beta of 1.89.

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