Global Retirement Partners LLC Purchases Shares of 3,158 Talen Energy Corporation $TLN

Global Retirement Partners LLC acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,158 shares of the utilities provider’s stock, valued at approximately $1,213,000.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Talen Energy by 1,526.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,054 shares of the utilities provider’s stock valued at $9,766,000 after acquiring an additional 24,452 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Talen Energy in the 2nd quarter worth approximately $4,132,000. Oppenheimer & Co. Inc. grew its position in Talen Energy by 400.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 14,105 shares of the utilities provider’s stock worth $5,287,000 after purchasing an additional 11,287 shares in the last quarter. Sanctuary Advisors LLC grew its position in Talen Energy by 116.8% during the 4th quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider’s stock worth $2,419,000 after purchasing an additional 3,477 shares in the last quarter. Finally, US Bancorp DE raised its stake in Talen Energy by 4.3% during the 4th quarter. US Bancorp DE now owns 105,848 shares of the utilities provider’s stock valued at $39,676,000 after purchasing an additional 4,407 shares during the period. 0.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director owned 2,606 shares of the company’s stock, valued at $990,280. The trade was a 49.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is currently owned by corporate insiders.

Talen Energy Trading Down 1.6%

Shares of NASDAQ:TLN opened at $356.92 on Tuesday. The firm has a fifty day moving average of $371.73 and a two-hundred day moving average of $358.31. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. Talen Energy Corporation has a 12-month low of $301.45 and a 12-month high of $451.28. The firm has a market capitalization of $17.10 billion, a P/E ratio of -85.59 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%.The firm had revenue of $747.00 million during the quarter, compared to analyst estimates of $832.81 million. On average, equities analysts expect that Talen Energy Corporation will post 25.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Zacks Research upgraded Talen Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Scotiabank upped their price target on Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Susquehanna set a $449.00 price objective on Talen Energy in a research note on Friday, August 7th. Wall Street Zen lowered Talen Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Jefferies Financial Group lowered their target price on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $476.58.

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).