Balyasny Asset Management L.P. Trims Holdings in Talen Energy Corporation (NASDAQ:TLN)

Balyasny Asset Management L.P. lowered its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 89.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,338 shares of the utilities provider's stock after selling 125,449 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Talen Energy were worth $2,889,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TLN. Allworth Financial LP boosted its position in shares of Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Talen Energy during the 4th quarter valued at $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy during the 4th quarter worth $39,000. Empowered Funds LLC bought a new stake in shares of Talen Energy in the 4th quarter worth $42,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Talen Energy in the 4th quarter worth $53,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TLN shares. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. Morgan Stanley started coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. Barclays reduced their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Evercore ISI started coverage on Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $240.18.

Talen Energy Stock Performance

Shares of TLN stock traded down $0.12 on Thursday, hitting $244.80. 806,914 shares of the stock were exchanged, compared to its average volume of 1,209,074. The firm's 50 day moving average is $206.92 and its two-hundred day moving average is $211.02. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03. The firm has a market capitalization of $11.14 billion, a PE ratio of 13.10, a P/E/G ratio of 2.70 and a beta of 1.90. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). The business had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. Sell-side analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal 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.