Mcdaniel Terry & Co. Buys New Position in Talen Energy Corporation (NASDAQ:TLN)

Mcdaniel Terry & Co. bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,079 shares of the utilities provider’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in Talen Energy in the third quarter worth $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Talen Energy in the third quarter worth $7,967,000. Shikiar Asset Management Inc. bought a new position in Talen Energy in the second quarter worth $278,000. Finally, Guidance Capital Inc. bought a new position in Talen Energy in the third quarter worth $348,000. Institutional investors own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TLN shares. Oppenheimer raised their price target on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Barclays reduced their price target on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank of Canada started coverage on Talen Energy in a report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target for the company. Guggenheim raised their price target on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. started coverage on Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price target for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $205.33.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $177.98 on Friday. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average price of $125.17 and a 200-day moving average price of $99.53. Talen Energy Corporation has a one year low of $52.01 and a one year high of $197.61.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($1.14) by $1.33. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. The firm had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $437.50 million. Equities analysts forecast that Talen Energy Corporation will post 13.79 EPS for the current year.

Talen Energy Company 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.