Cetera Investment Advisers Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Cetera Investment Advisers acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,431 shares of the utilities provider's stock, valued at approximately $490,000.

A number of other hedge funds also recently added to or reduced their stakes in TLN. Allworth Financial LP raised its stake in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Talen Energy during the 4th quarter valued at $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the 4th quarter valued at $39,000. Empowered Funds LLC purchased a new stake in Talen Energy during the 4th quarter valued at $42,000. Finally, Whipplewood Advisors LLC purchased a new stake in Talen Energy during the 4th quarter valued at $53,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TLN shares. Wall Street Zen downgraded shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Bank of America started coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective for the company. Morgan Stanley started coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective for the company. Barclays cut their price objective 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. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. One investment 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, Talen Energy has a consensus rating of "Moderate Buy" and a consensus target price of $240.18.

Talen Energy Price Performance

Talen Energy stock traded up $0.17 during mid-day trading on Thursday, hitting $244.69. The stock had a trading volume of 568,274 shares, compared to its average volume of 1,082,644. The firm has a market capitalization of $11.14 billion, a P/E ratio of 13.10, a P/E/G 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. The firm's 50 day moving average is $216.07 and its 200 day moving average is $215.13. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $390.00 million for 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, sell-side analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

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.