Envestnet Portfolio Solutions Inc. Grows Stock Holdings in Talen Energy Corporation $TLN

Envestnet Portfolio Solutions Inc. lifted its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 5.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,390 shares of the utilities provider’s stock after buying an additional 833 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Talen Energy were worth $5,056,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TLN. Signaturefd LLC lifted its stake in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock valued at $25,000 after buying an additional 93 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Talen Energy in the 1st quarter worth $25,000. Golden State Wealth Management LLC purchased a new stake in Talen Energy in the 1st quarter worth $35,000. LRI Investments LLC lifted its stake in Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Talen Energy in the 1st quarter worth $35,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TLN. Wall Street Zen upgraded shares of Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Melius began coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price target on the stock. Zacks Research cut shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Scotiabank began coverage on shares of Talen Energy in a research note on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 price target on the stock. Finally, Oppenheimer set a $315.00 price target on shares of Talen Energy and gave the stock an “outperform” rating in a research note on Friday, July 11th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $376.85.

Talen Energy Stock Down 4.1%

Shares of NASDAQ TLN opened at $417.75 on Wednesday. The firm’s 50-day moving average price is $398.37 and its 200-day moving average price is $306.61. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of 118.34, a P/E/G ratio of 2.20 and a beta of 1.88. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.13) by $2.63. The firm had revenue of $630.00 million for the quarter, compared to analysts’ expectations of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. On average, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Talen Energy 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.