FDx Advisors Inc. Increases Position in Talen Energy Corporation $TLN

FDx Advisors Inc. raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 60.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,285 shares of the utilities provider’s stock after acquiring an additional 865 shares during the period. FDx Advisors Inc.’s holdings in Talen Energy were worth $664,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wedbush Securities Inc. grew its position in shares of Talen Energy by 4.4% in the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 55 shares in the last quarter. IFP Advisors Inc boosted its stake in Talen Energy by 42.4% during the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after buying an additional 56 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in Talen Energy by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider’s stock valued at $678,000 after buying an additional 88 shares in the last quarter. Signaturefd LLC increased its stake in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 93 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Talen Energy in the 2nd quarter worth $27,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Performance

Shares of TLN stock opened at $386.57 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.34 and a current ratio of 2.29. The firm has a market cap of $17.66 billion, a P/E ratio of 83.67, a P/E/G ratio of 2.36 and a beta of 1.83. The firm’s 50 day moving average price is $407.51 and its 200-day moving average price is $332.84. Talen Energy Corporation has a one year low of $158.08 and a one year high of $451.28.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TLN. Melius began coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target on the stock. Morgan Stanley decreased their target price on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating on the stock in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, October 8th. Melius Research upped their price objective on Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a research report on Monday, August 11th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $395.07.

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.