9,507 Shares in Talen Energy Corporation $TLN Purchased by Estate Counselors LLC

Estate Counselors LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,507 shares of the utilities provider’s stock, valued at approximately $4,044,000.

Several other hedge funds also recently bought and sold shares of the stock. 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 acquiring an additional 59 shares during the period. Main Management ETF Advisors LLC increased its holdings in 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 during the last quarter. Wedbush Securities Inc. raised its position in Talen Energy by 4.8% in the second 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 period. Grove Bank & Trust acquired a new position in Talen Energy during the third quarter worth $32,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Talen Energy during the second quarter worth $27,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TLN shares. Barclays boosted their price objective on Talen Energy from $439.00 to $457.00 and gave the company an “overweight” rating in a report on Friday, January 9th. Wells Fargo & Company boosted their price target on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. raised their price objective on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a report on Wednesday. Finally, Morgan Stanley upped their target price on shares of Talen Energy from $443.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Twelve equities research 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 a consensus rating of “Moderate Buy” and an average price target of $400.92.

Talen Energy Stock Down 3.5%

TLN stock opened at $366.43 on Monday. The company’s 50 day moving average price is $374.12 and its 200 day moving average price is $379.42. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 79.31, a PEG ratio of 0.55 and a beta of 1.97. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $812.00 million during the quarter, compared to the consensus estimate of $707.90 million. During the same quarter in the previous year, the firm earned $3.16 earnings per share. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. On average, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Talen Energy 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).