Mutual of America Capital Management LLC Makes New Investment in Talen Energy Corporation $TLN

Mutual of America Capital Management LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 21,098 shares of the utilities provider’s stock, valued at approximately $8,975,000.

A number of other institutional investors have also made changes to their positions in TLN. Envestnet Asset Management Inc. boosted its position in Talen Energy by 33.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 38,312 shares of the utilities provider’s stock valued at $11,140,000 after buying an additional 9,692 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Talen Energy in the second quarter worth about $478,000. Securian Asset Management Inc. purchased a new position in Talen Energy in the third quarter valued at about $1,481,000. Maryland State Retirement & Pension System purchased a new position in Talen Energy in the second quarter valued at about $641,000. Finally, Pacer Advisors Inc. acquired a new stake in Talen Energy during the 3rd quarter valued at approximately $2,582,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Stock Up 2.6%

TLN stock opened at $359.51 on Wednesday. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 77.82, a PEG ratio of 0.53 and a beta of 1.97. Talen Energy Corporation has a 1-year low of $158.08 and a 1-year high of $451.28. The firm has a fifty day moving average price of $373.45 and a two-hundred day moving average price of $380.59. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, January 21st. Morgan Stanley upped their price target on shares of Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Barclays increased their price objective on shares of Talen Energy from $439.00 to $457.00 and gave the company an “overweight” rating in a research note on Friday, January 9th. Wells Fargo & Company boosted their target price on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and an average price target of $400.92.

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).