Global Retirement Partners LLC Invests $1.21 Million in Talen Energy Corporation $TLN

Global Retirement Partners LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,158 shares of the utilities provider’s stock, valued at approximately $1,213,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in Talen Energy during the 2nd quarter valued at $111,768,000. State of Wyoming acquired a new stake in Talen Energy in the 2nd quarter worth $2,202,000. Oppenheimer Asset Management Inc. bought a new position in shares of Talen Energy during the 2nd quarter worth about $4,132,000. Dockside LLC bought a new position in shares of Talen Energy during the 2nd quarter worth about $1,916,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Talen Energy during the second quarter valued at about $79,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.78% of the company’s stock.

Talen Energy Stock Performance

NASDAQ:TLN opened at $356.92 on Tuesday. The firm has a market capitalization of $17.10 billion, a PE ratio of -85.59 and a beta of 1.90. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. Talen Energy Corporation has a 12-month low of $301.45 and a 12-month high of $451.28. The firm has a 50-day moving average price of $371.73 and a 200 day moving average price of $358.31.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing analysts’ consensus estimates 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 $747.00 million during the quarter, compared to the consensus estimate of $832.81 million. Research analysts anticipate that Talen Energy Corporation will post 25.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TLN has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Zacks Research raised Talen Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Scotiabank raised their price objective on Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. Morgan Stanley reissued an “overweight” rating and set a $508.00 price objective on shares of Talen Energy in a report on Wednesday, June 24th. Finally, Susquehanna set a $449.00 price objective on Talen Energy in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $476.58.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).