D. E. Shaw & Co. Inc. Takes Position in Talen Energy Corporation (NASDAQ:TLN)

D. E. Shaw & Co. Inc. purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,094 shares of the utilities provider's stock, valued at approximately $422,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew 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 during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Talen Energy in the 4th quarter valued at about $37,000. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy in the 4th quarter valued at about $39,000. Empowered Funds LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at about $42,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at about $53,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded down $0.70 during trading on Wednesday, hitting $244.52. 462,777 shares of the company were exchanged, compared to its average volume of 1,084,958. The company has a market cap of $11.13 billion, a PE ratio of 13.09, a P/E/G ratio of 2.70 and a beta of 1.90. The stock has a 50 day moving average of $215.56 and a 200 day moving average of $214.89. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. The business had revenue of $390.00 million during the quarter, compared to analysts' expectations of $556.93 million. As a group, equities research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Talen Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Morgan Stanley assumed coverage on Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. Finally, UBS Group dropped their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.