O Brien Greene & Co. Inc Acquires 500 Shares of Talen Energy Corporation $TLN

O Brien Greene & Co. Inc boosted its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 4.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,945 shares of the utilities provider’s stock after buying an additional 500 shares during the quarter. Talen Energy makes up 1.2% of O Brien Greene & Co. Inc’s holdings, making the stock its 27th largest holding. O Brien Greene & Co. Inc’s holdings in Talen Energy were worth $3,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its stake 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 purchasing an additional 153 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Talen Energy during the second quarter worth about $27,000. First Horizon Advisors Inc. increased its holdings in Talen Energy by 107.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 941 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 488 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new position in Talen Energy during the 2nd quarter worth about $1,454,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Talen Energy by 79.3% during the second quarter. Bank of New York Mellon Corp now owns 239,380 shares of the utilities provider’s stock valued at $69,604,000 after purchasing an additional 105,847 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Price Performance

NASDAQ:TLN opened at $385.93 on Friday. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 83.53, a P/E/G ratio of 2.46 and a beta of 1.83. The stock’s 50 day moving average price is $407.36 and its two-hundred day moving average price is $330.55. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.24. Talen Energy had a return on equity of 14.05% and a net margin of 9.83%.The business had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. During the same period in the previous year, the firm earned $3.16 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. On average, analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TLN. UBS Group set a $431.00 price objective on Talen Energy and gave the stock a “buy” rating in a report on Friday, July 25th. Wells Fargo & Company dropped their price target on Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a research report on Thursday. Melius Research upped their target price on shares of Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Evercore ISI boosted their target price on Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Finally, Scotiabank started coverage on shares of Talen Energy in a report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.07.

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.