World Equity Group Inc. Purchases New Position in Talen Energy Corporation (NASDAQ:TLN)

World Equity Group Inc. purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,330 shares of the utilities provider’s stock, valued at approximately $237,000.

Several other institutional investors also recently bought and sold shares of TLN. Roubaix Capital LLC acquired a new position in shares of Talen Energy during the 3rd quarter worth about $11,234,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of Talen Energy in the third quarter valued at approximately $1,001,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Talen Energy in the third quarter worth approximately $361,000. Spirit of America Management Corp NY purchased a new stake in shares of Talen Energy during the third quarter worth approximately $214,000. Finally, Mcdaniel Terry & Co. acquired a new position in Talen Energy in the 3rd quarter valued at $371,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TLN. Barclays dropped their target price on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, October 21st. UBS Group assumed coverage on shares of Talen Energy in a report on Wednesday, September 18th. They issued a “buy” rating and a $197.00 price objective for the company. Guggenheim boosted their target price on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Oppenheimer lifted their price objective on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada started coverage on Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price for the company. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $205.33.

Talen Energy Stock Down 2.2 %

Shares of NASDAQ:TLN opened at $170.00 on Tuesday. The business has a 50-day moving average price of $133.22 and a 200 day moving average price of $104.72. Talen Energy Corporation has a 12-month low of $52.01 and a 12-month high of $197.61. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.14) by $1.33. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The firm had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $437.50 million. As a group, analysts expect that Talen Energy Corporation will post 14.65 EPS for the current 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.