D. E. Shaw & Co. Inc. Invests $422,000 in Talen Energy Corporation (NASDAQ:TLN)

D. E. Shaw & Co. Inc. 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 SEC. The firm acquired 2,094 shares of the utilities provider's stock, valued at approximately $422,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. raised its position in shares of Talen Energy by 5.1% in the 4th quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock valued at $254,000 after buying an additional 61 shares in the last quarter. Allworth Financial LP raised its position in shares of Talen Energy by 170.6% in 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 in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Talen Energy in the 4th quarter valued at approximately $37,000. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy in the 4th quarter valued at approximately $39,000. Finally, Empowered Funds LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at approximately $42,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 0.6%

TLN traded down $1.43 during trading on Friday, hitting $243.26. 727,385 shares of the company's stock were exchanged, compared to its average volume of 1,081,059. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The business's 50 day moving average is $216.58 and its two-hundred day moving average is $215.43. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The stock has a market cap of $11.07 billion, a P/E ratio of 13.02, a PEG ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its 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 firm 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%. As a group, equities analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TLN. Bank of America began coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price for the company. Evercore ISI initiated coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. UBS Group reduced their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently 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.