Castleark Management LLC Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Castleark Management LLC bought 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 & Exchange Commission. The firm bought 5,490 shares of the utilities provider's stock, valued at approximately $1,106,000.

Several other institutional investors also recently made changes to their positions in TLN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Talen Energy in the 4th quarter valued at approximately $8,573,000. Voloridge Investment Management LLC purchased a new position in shares of Talen Energy in the fourth quarter valued at $954,000. Williams Jones Wealth Management LLC. increased its position in shares of Talen Energy by 34.6% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 6,389 shares of the utilities provider's stock valued at $1,287,000 after buying an additional 1,643 shares in the last quarter. Vennlight Capital Management LP acquired a new position in shares of Talen Energy during the 4th quarter worth $10,378,000. Finally, State of Wyoming purchased a new stake in shares of Talen Energy in the 4th quarter worth about $50,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Up 0.4%

NASDAQ TLN traded up $1.03 during trading hours on Tuesday, reaching $244.11. 247,584 shares of the company traded hands, compared to its average volume of 1,085,371. The stock has a market capitalization of $11.11 billion, a PE ratio of 13.04, a PEG ratio of 2.70 and a beta of 1.90. 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 50 day moving average of $214.32 and a two-hundred day moving average of $214.47.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly 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). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. As a group, equities analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analyst Weigh In

TLN has been the subject of a number of analyst reports. Bank of America began coverage on 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 began coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating for the company. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Wall Street Zen lowered Talen Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Barclays reduced their price objective 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. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $240.18.

Talen Energy Company 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.