Cetera Investment Advisers Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. Allworth Financial LP grew its position in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Talen Energy in the fourth quarter worth $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the fourth quarter valued at about $39,000. Empowered Funds LLC purchased a new stake in Talen Energy during the fourth quarter valued at about $42,000. Finally, Whipplewood Advisors LLC purchased a new stake in Talen Energy during the fourth quarter valued at about $53,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 0.6%

TLN traded down $1.43 during midday trading on Friday, reaching $243.26. The company's stock had a trading volume of 727,385 shares, compared to its average volume of 1,081,059. The stock's 50-day moving average is $216.58 and its 200-day moving average is $215.51. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year 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. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS 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 for the quarter, compared to analysts' expectations of $556.93 million. As a group, research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TLN. Morgan Stanley began coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective for the company. Bank of America began coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. UBS Group decreased their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research note 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.