5,402 Talen Energy Corporation $TLN Shares Purchased by IFP Advisors Inc

IFP Advisors Inc raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 1,765.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,708 shares of the utilities provider’s stock after purchasing an additional 5,402 shares during the period. IFP Advisors Inc’s holdings in Talen Energy were worth $1,785,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Talen Energy in the second quarter worth $1,673,803,000. MFN Partners Management LP purchased a new position in shares of Talen Energy during the 2nd quarter valued at $1,152,780,000. Two Seas Capital LP purchased a new position in shares of Talen Energy during the 2nd quarter valued at $194,900,000. William Blair Investment Management LLC purchased a new position in shares of Talen Energy during the 2nd quarter valued at $191,231,000. Finally, Bank of New York Mellon Corp bought a new position in Talen Energy in the 2nd quarter worth $111,768,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Trading Up 2.9%

Shares of TLN opened at $359.49 on Thursday. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55. Talen Energy Corporation has a 1 year low of $279.77 and a 1 year high of $449.84. The company has a 50 day simple moving average of $323.93 and a two-hundred day simple moving average of $350.89. The firm has a market cap of $17.22 billion, a P/E ratio of -86.21 and a beta of 1.82.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The company had revenue of $959.00 million for the quarter, compared to the consensus estimate of $832.81 million. On average, equities analysts expect that Talen Energy Corporation will post 21.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

TLN has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a research note on Monday, July 20th. Weiss Ratings cut Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Canadian Imperial Bank of Commerce initiated coverage on Talen Energy in a research report on Thursday, October 15th. They issued a “sector outperform” rating and a $499.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Barclays dropped their price objective on Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a research note on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $462.31.

About Talen Energy

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.