Mount Yale Investment Advisors LLC Invests $361,000 in Talen Energy Corporation (NASDAQ:TLN)

Mount Yale Investment Advisors LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,024 shares of the utilities provider’s stock, valued at approximately $361,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Spirit of America Management Corp NY purchased a new position in shares of Talen Energy during the 3rd quarter worth approximately $214,000. Shikiar Asset Management Inc. acquired a new stake in Talen Energy during the 2nd quarter valued at $278,000. Guidance Capital Inc. purchased a new position in Talen Energy during the third quarter worth $348,000. Mcdaniel Terry & Co. acquired a new position in shares of Talen Energy in the third quarter worth $371,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Talen Energy in the third quarter valued at $7,967,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Performance

TLN stock opened at $181.25 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The stock has a 50-day moving average price of $126.48 and a two-hundred day moving average price of $100.81. Talen Energy Corporation has a 12-month low of $52.01 and a 12-month high of $197.61.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (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 business had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $437.50 million. Sell-side analysts expect that Talen Energy Corporation will post 13.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TLN shares. UBS Group began coverage on Talen Energy in a research report on Wednesday, September 18th. They set a “buy” rating and a $197.00 price objective for the company. Oppenheimer boosted their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. Jefferies Financial Group assumed coverage on Talen Energy in a report on Friday, September 13th. They issued a “buy” rating and a $226.00 price target for the company. Finally, BWS Financial increased their price target on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $205.33.

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.