Ensign Peak Advisors Inc Invests $516,000 in Talen Energy Corporation (NASDAQ:TLN)

Ensign Peak Advisors Inc acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,560 shares of the utilities provider's stock, valued at approximately $516,000.

Other large investors have also recently made changes to their positions in the company. Fred Alger Management LLC raised its position in shares of Talen Energy by 152.9% in the 4th quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after acquiring an additional 577,257 shares in the last quarter. Deutsche Bank AG purchased a new stake in Talen Energy in the fourth quarter worth $319,000. D. E. Shaw & Co. Inc. bought a new position in Talen Energy in the fourth quarter worth $422,000. Concentric Capital Strategies LP lifted its position in Talen Energy by 11.3% during the fourth quarter. Concentric Capital Strategies LP now owns 9,735 shares of the utilities provider's stock valued at $1,961,000 after buying an additional 988 shares during the period. Finally, Cresset Asset Management LLC purchased a new position in Talen Energy during the fourth quarter valued at $312,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Performance

TLN traded up $0.91 during mid-day trading on Tuesday, reaching $241.21. 510,041 shares of the company traded hands, compared to its average volume of 1,096,894. The company's fifty day moving average price is $210.69 and its 200-day moving average price is $212.81. The stock has a market capitalization of $10.98 billion, a P/E ratio of 12.91, a P/E/G ratio of 2.70 and a beta of 1.90. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TLN shares. Barclays lowered their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. UBS Group dropped their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Evercore ISI initiated coverage on Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. JPMorgan Chase & Co. lowered 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. Finally, Morgan Stanley began 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. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $240.18.

About Talen Energy

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.