Janus Henderson Group PLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,600 shares of the utilities provider's stock, valued at approximately $3,343,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC purchased a new position in Talen Energy during the fourth quarter worth about $7,341,000. Encompass Capital Advisors LLC acquired a new position in Talen Energy during the 4th quarter worth approximately $48,333,000. Ensign Peak Advisors Inc purchased a new position in shares of Talen Energy during the 4th quarter worth approximately $516,000. Fred Alger Management LLC lifted its holdings 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 valued at $192,353,000 after buying an additional 577,257 shares during the period. Finally, Deutsche Bank AG acquired a new stake in shares of Talen Energy in the 4th quarter valued at approximately $319,000. 0.38% of the stock is owned by hedge funds and other institutional investors.
Talen Energy Stock Down 1.9%
Shares of NASDAQ TLN opened at $240.30 on Tuesday. The stock has a fifty day moving average price of $210.69 and a 200 day moving average price of $212.81. 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 Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a market cap of $10.94 billion, a P/E ratio of 12.86, a P/E/G ratio of 2.70 and a beta of 1.90.
Talen Energy (NASDAQ:TLN - Get Free Report) last posted its earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. Research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. Evercore ISI initiated coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. Barclays reduced 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 decreased their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $240.18.
Read Our Latest Analysis on Talen Energy
About Talen Energy
(
Free Report)
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.
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