Castleark Management LLC Invests $1.11 Million in Talen Energy Corporation (NASDAQ:TLN)

Castleark Management LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,490 shares of the utilities provider's stock, valued at approximately $1,106,000.

Other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC acquired a new position in Talen Energy in the fourth quarter valued at about $239,984,000. Fred Alger Management LLC lifted its position 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 acquired a new position in Talen Energy in the fourth quarter valued at about $101,931,000. Clearbridge Investments LLC acquired a new position in Talen Energy in the fourth quarter valued at about $88,065,000. Finally, Vanguard Group Inc. lifted 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 valued at $964,302,000 after buying an additional 256,414 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 1.9%

NASDAQ:TLN traded up $4.45 during mid-day trading on Friday, hitting $243.08. The stock had a trading volume of 457,336 shares, compared to its average volume of 1,089,067. The stock has a 50-day simple moving average of $213.66 and a two-hundred day simple moving average of $214.15. The company has a market capitalization of $11.06 billion, a PE ratio of 13.01, a PEG ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. 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 announced its quarterly 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 company had revenue of $390.00 million during 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%. On average, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Analysts Set New Price Targets

TLN has been the topic of several research reports. UBS Group reduced their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. 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 price target on the stock. Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Thursday. Barclays reduced their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Finally, Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $240.18.

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.