Chicago Partners Investment Group LLC Purchases Shares of 1,396 Talen Energy Corporation $TLN

Chicago Partners Investment Group LLC purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the second quarter, Holdings Channel reports. The firm purchased 1,396 shares of the utilities provider’s stock, valued at approximately $406,000.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Talen Energy by 10.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,205 shares of the utilities provider’s stock worth $2,237,000 after buying an additional 1,055 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Talen Energy in the first quarter worth about $703,000. Golden State Wealth Management LLC purchased a new position in shares of Talen Energy in the first quarter worth about $35,000. Goldstein Advisors LLC purchased a new position in shares of Talen Energy in the first quarter worth about $211,000. Finally, Transcend Capital Advisors LLC purchased a new position in shares of Talen Energy in the first quarter worth about $534,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Up 0.8%

Shares of NASDAQ:TLN opened at $383.82 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 $17.54 billion, a PE ratio of 108.73, a P/E/G ratio of 2.25 and a beta of 1.88. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. The stock’s 50-day moving average is $401.43 and its 200 day moving average is $315.74.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.13) by $2.63. The company had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. Sell-side analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TLN shares. Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a report on Monday, August 11th. Melius started coverage on Talen Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price objective on the stock. Oppenheimer set a $315.00 price objective on Talen Energy and gave the stock an “outperform” rating in a report on Friday, July 11th. Morgan Stanley restated an “overweight” rating and set a $442.00 price target on shares of Talen Energy in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $391.31.

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.