Talen Energy Corporation $TLN Stake Raised by Osaic Holdings Inc.

Osaic Holdings Inc. raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 102.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,911 shares of the utilities provider’s stock after acquiring an additional 1,977 shares during the quarter. Osaic Holdings Inc.’s holdings in Talen Energy were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in Talen Energy during the second quarter valued at approximately $27,000. MAI Capital Management grew its position in 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 buying an additional 59 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Talen Energy by 5,100.0% in the second quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock valued at $45,000 after buying an additional 153 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Talen Energy during the 2nd quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Talen Energy by 266.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Down 1.1%

Shares of Talen Energy stock opened at $374.84 on Friday. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. The company has a market cap of $17.13 billion, a P/E ratio of 81.13, a P/E/G ratio of 2.47 and a beta of 1.97. 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 price of $377.90 and a 200 day moving average price of $368.03.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. The company had revenue of $812.00 million for the quarter, compared to the consensus estimate of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The firm’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.16 EPS. As a group, analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TLN has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, October 8th. Zacks Research lowered Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Scotiabank began coverage on Talen Energy in a report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price objective on the stock. Evercore ISI upped their price objective on shares of Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Finally, JPMorgan Chase & Co. raised 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. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $395.21.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).