B. Riley Wealth Advisors Inc. Takes Position in Talen Energy Corporation (NASDAQ:TLN)

B. Riley Wealth Advisors Inc. bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,351 shares of the utilities provider's stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. William Blair Investment Management LLC acquired a new stake in Talen Energy in the fourth quarter valued at approximately $239,984,000. Fred Alger Management LLC lifted its stake 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 acquiring an additional 577,257 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Talen Energy during the 4th quarter valued at $101,931,000. Clearbridge Investments LLC bought a new stake in Talen Energy during the 4th quarter worth $88,065,000. Finally, Vanguard Group Inc. increased its holdings in Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after purchasing an additional 256,414 shares in the last quarter. Institutional investors own 0.38% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays cut their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock. UBS Group reduced their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research note on Wednesday, March 5th. Finally, Evercore ISI began coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to MarketBeat, Talen Energy presently has a consensus rating of "Moderate Buy" and an average price target of $240.18.

Talen Energy Trading Up 1.8%

Talen Energy stock traded up $4.52 during trading hours on Wednesday, reaching $260.00. 1,009,520 shares of the company's stock were exchanged, compared to its average volume of 1,081,539. The firm's 50 day simple moving average is $219.80 and its 200 day simple moving average is $216.43. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $261.98. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $11.83 billion, a PE ratio of 13.92, a PEG ratio of 2.70 and a beta of 1.78.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its earnings results 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 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 predict that Talen Energy Corporation will post 15.94 earnings per share for the current 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.