Farther Finance Advisors LLC Acquires Shares of 6,144 Talen Energy Corporation (NASDAQ:TLN)

Farther Finance Advisors LLC bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,144 shares of the utilities provider's stock, valued at approximately $1,275,000.

Several other large investors have also recently made changes to their positions in TLN. Empowered Funds LLC purchased a new stake in Talen Energy in the fourth quarter worth approximately $42,000. Rhumbline Advisers increased its stake in shares of Talen Energy by 37.3% during the fourth quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock valued at $1,114,000 after buying an additional 1,503 shares during the period. Allworth Financial LP lifted its holdings 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 buying an additional 116 shares during the period. State of New Jersey Common Pension Fund D bought a new position in Talen Energy in the fourth quarter worth $2,758,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Talen Energy during the fourth quarter valued at approximately $337,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Performance

NASDAQ TLN traded up $2.17 on Friday, reaching $277.16. The stock had a trading volume of 1,013,312 shares, compared to its average volume of 1,090,043. The company has a market cap of $12.61 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $282.90. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The firm has a fifty day moving average of $228.05 and a two-hundred day moving average of $218.53.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (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 the consensus estimate of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. On average, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on TLN. Evercore ISI initiated coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating for the company. Barclays dropped their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their target price 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. Raymond James started coverage on shares of Talen Energy in a report on Friday. They set an "outperform" rating and a $314.00 target price for the company. Finally, UBS Group dropped their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Talen Energy currently has a consensus rating of "Moderate Buy" and an average target price of $246.33.

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.