Deutsche Bank AG Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Deutsche Bank AG purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,581 shares of the utilities provider's stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its stake in Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Talen Energy in the 4th quarter worth about $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy during the 4th quarter worth about $39,000. Empowered Funds LLC bought a new position in Talen Energy during the 4th quarter valued at about $42,000. Finally, Whipplewood Advisors LLC purchased a new stake in Talen Energy in the 4th quarter worth about $53,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TLN shares. JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Morgan Stanley assumed coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price for the company. Barclays cut their price target 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. Evercore ISI started coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. Finally, Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $240.18.

Talen Energy Stock Up 2.4%

NASDAQ:TLN traded up $6.21 during mid-day trading on Wednesday, hitting $261.69. 180,707 shares of the company's stock traded hands, compared to its average volume of 1,078,298. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $261.66. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company has a market capitalization of $11.91 billion, a P/E ratio of 13.95, a P/E/G ratio of 2.70 and a beta of 1.90. The company has a fifty day moving average of $218.55 and a 200 day moving average of $216.13.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. On average, analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

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.