Envestnet Portfolio Solutions Inc. Acquires Shares of 16,557 Talen Energy Corporation (NASDAQ:TLN)

Envestnet Portfolio Solutions Inc. bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,557 shares of the utilities provider's stock, valued at approximately $3,306,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP lifted 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 valued at $37,000 after purchasing an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new position in Talen Energy during the 4th quarter worth approximately $37,000. Empowered Funds LLC purchased a new position in shares of Talen Energy during the 4th quarter worth approximately $42,000. State of Wyoming acquired a new stake in shares of Talen Energy in the 4th quarter valued at approximately $50,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Talen Energy in the fourth quarter valued at approximately $53,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TLN. JPMorgan Chase & Co. reduced their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. UBS Group reduced their price objective 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. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. Finally, Susquehanna restated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. One research analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $246.33.

Talen Energy Trading Down 0.6%

Talen Energy stock opened at $288.66 on Monday. The stock has a 50-day moving average price of $238.99 and a 200 day moving average price of $221.49. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $294.46. The stock has a market cap of $13.14 billion, a PE ratio of 29.98, a P/E/G ratio of 7.06 and a beta of 1.79. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued 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). The firm had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. Equities research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal 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.

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