California State Teachers Retirement System Invests $6.20 Million in Talen Energy Corporation (NASDAQ:TLN)

California State Teachers Retirement System acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,773 shares of the utilities provider's stock, valued at approximately $6,200,000. California State Teachers Retirement System owned approximately 0.07% of Talen Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new position in Talen Energy in the 4th quarter valued at about $239,984,000. Fred Alger Management LLC lifted its stake in Talen Energy by 152.9% in the fourth 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 last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of Talen Energy during the fourth quarter worth approximately $101,931,000. Clearbridge Investments LLC purchased a new stake in shares of Talen Energy during the fourth quarter worth approximately $88,065,000. Finally, Vanguard Group Inc. raised its position in Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after acquiring an additional 256,414 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Shares of NASDAQ TLN traded down $4.06 during mid-day trading on Thursday, hitting $255.94. 513,578 shares of the stock were exchanged, compared to its average volume of 1,079,049. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company has a market cap of $11.65 billion, a P/E ratio of 13.70, a PEG ratio of 2.70 and a beta of 1.78. The stock's fifty day simple moving average is $220.92 and its two-hundred day simple moving average is $216.76. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $261.98.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group dropped their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Evercore ISI began coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Morgan Stanley started coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target on the stock. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Finally, Wall Street Zen downgraded Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.