Talen Energy Corporation $TLN Shares Newly Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new position in Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,596 shares of the utilities provider’s stock, valued at approximately $499,000.

Several other institutional investors have also recently modified their holdings of TLN. Continuum Advisory LLC acquired a new stake in shares of Talen Energy during the second quarter worth about $33,000. Grove Bank & Trust increased its holdings in Talen Energy by 40.5% in the 3rd quarter. Grove Bank & Trust now owns 104 shares of the utilities provider’s stock worth $33,000 after buying an additional 30 shares during the period. Heritage Family Offices LLP acquired a new position in Talen Energy in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC purchased a new position in Talen Energy during the 3rd quarter worth approximately $37,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Talen Energy during the 2nd quarter worth approximately $38,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $363.13 on Tuesday. The stock has a market capitalization of $15.80 billion, a price-to-earnings ratio of -65.55 and a beta of 1.77. Talen Energy Corporation has a 12 month low of $279.77 and a 12 month high of $449.84. The firm’s 50 day simple moving average is $328.55 and its 200-day simple moving average is $348.39. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.89 and a quick ratio of 0.55.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Tuesday, November 3rd. The utilities provider reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.33 by ($5.45). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Talen Energy had a positive return on equity of 53.70% and a negative net margin of 6.43%. During the same period last year, the company posted $4.25 earnings per share. Analysts expect that Talen Energy Corporation will post 15.26 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on TLN. Susquehanna set a $449.00 price objective on shares of Talen Energy in a research note on Friday, August 7th. Morgan Stanley cut their price objective on shares of Talen Energy from $514.00 to $504.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 21st. Mizuho began coverage on shares of Talen Energy in a report on Monday, August 24th. They set an “outperform” rating and a $405.00 target price for the company. Canadian Imperial Bank of Commerce reduced their target price on shares of Talen Energy from $499.00 to $493.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Finally, TD Cowen started coverage on shares of Talen Energy in a research report on Thursday, October 22nd. They set a “buy” rating and a $475.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Talen Energy currently has a consensus rating of “Moderate Buy” and an average price target of $458.69.

Talen Energy Company Profile

Talen Energy Corporation is an independent power producer that owns and operates electricity-generation facilities in the United States. Its portfolio includes nuclear, natural gas, coal, oil and hydroelectric assets, with the Susquehanna nuclear power plant in Pennsylvania among its major facilities.

The company sells electricity and related products, including capacity and ancillary services, primarily through wholesale power markets. Its operations are concentrated in the Mid-Atlantic region served by PJM Interconnection, with additional generation assets in other U.S.