Yousif Capital Management LLC Invests $6.14 Million in Talen Energy Corporation $TLN

Yousif Capital Management LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,430 shares of the utilities provider’s stock, valued at approximately $6,138,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Parcion Private Wealth LLC increased its position in Talen Energy by 7.7% in the 3rd quarter. Parcion Private Wealth LLC now owns 1,994 shares of the utilities provider’s stock valued at $848,000 after acquiring an additional 142 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Talen Energy by 39.8% in the third quarter. Exchange Traded Concepts LLC now owns 30,369 shares of the utilities provider’s stock worth $12,918,000 after purchasing an additional 8,653 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Talen Energy by 396.2% in the third quarter. AdvisorNet Financial Inc now owns 129 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 103 shares during the period. Voya Investment Management LLC raised its position in Talen Energy by 57.8% during the 3rd quarter. Voya Investment Management LLC now owns 9,288 shares of the utilities provider’s stock worth $3,951,000 after purchasing an additional 3,402 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Talen Energy during the 3rd quarter worth about $6,081,000. 0.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TLN shares. Evercore ISI upped their price target on Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, September 9th. Wells Fargo & Company reduced their target price on Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Barclays lowered their price target on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. Melius Research upped their price objective on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $395.21.

Talen Energy Price Performance

Talen Energy stock opened at $373.55 on Thursday. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 80.86, a PEG ratio of 2.50 and a beta of 1.89. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. 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 stock’s 50 day moving average price is $380.11 and its two-hundred day moving average price is $364.12.

Talen Energy (NASDAQ:TLN) last released its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. The company had revenue of $812.00 million for the quarter, compared to the consensus estimate of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. Talen Energy’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.16 EPS. On average, equities analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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).