Eagle Global Advisors LLC Has $1.34 Million Stock Position in Talen Energy Corporation $TLN

Eagle Global Advisors LLC reduced its holdings in Talen Energy Corporation (NASDAQ:TLN) by 32.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,145 shares of the utilities provider’s stock after selling 1,530 shares during the period. Eagle Global Advisors LLC’s holdings in Talen Energy were worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Talen Energy in the 2nd quarter valued at about $27,000. MAI Capital Management increased its stake in Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares during the period. Grove Bank & Trust purchased a new stake in Talen Energy in the 3rd quarter worth approximately $32,000. Golden State Wealth Management LLC lifted its position in Talen Energy by 5,100.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider’s stock worth $45,000 after buying an additional 153 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Talen Energy during the 2nd quarter valued at $49,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TLN. Barclays increased their price objective on Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company lowered their price target on Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $443.00 price objective on shares of Talen Energy in a research report on Tuesday, December 16th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $396.50.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $374.83 on Thursday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 81.13, a P/E/G ratio of 0.59 and a beta of 1.97. The business’s 50-day simple moving average is $373.82 and its 200-day simple moving average is $374.16. Talen Energy Corporation has a 52 week low of $158.08 and a 52 week high of $451.28.

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 the consensus estimate of $4.01 by $0.24. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The firm had revenue of $812.00 million during the quarter, compared to analyst estimates of $707.90 million. During the same period in the previous year, the company earned $3.16 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. As a group, equities research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

About Talen Energy

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).