Thompson Davis & CO. Inc. Buys Shares of 1,060 Talen Energy Corporation $TLN

Thompson Davis & CO. Inc. purchased a new position in Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,060 shares of the utilities provider’s stock, valued at approximately $308,000.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen raised Talen Energy from a “sell” rating to a “hold” rating in a report on Monday, August 11th. Zacks Research lowered shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. Finally, Morgan Stanley cut their price target 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. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and an average price target of $395.07.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $362.15 on Thursday. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 78.39, a P/E/G ratio of 2.30 and a beta of 1.83. Talen Energy Corporation has a 1 year low of $158.08 and a 1 year high of $451.28. 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 business has a fifty day simple moving average of $407.59 and a 200 day simple moving average of $336.40.

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

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.