Fulcrum Equity Management Purchases New Stake in Talen Energy Corporation (NASDAQ:TLN)

Fulcrum Equity Management bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,170 shares of the utilities provider's stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TLN. Allworth Financial LP grew its position in Talen Energy by 170.6% during the fourth 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 period. Jones Financial Companies Lllp bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $39,000. Empowered Funds LLC bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $42,000. Finally, State of Wyoming bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Trading Down 0.6%

Shares of TLN traded down $1.43 during mid-day trading on Friday, reaching $243.26. The company's stock had a trading volume of 727,385 shares, compared to its average volume of 1,081,059. The stock has a market cap of $11.07 billion, a PE ratio of 13.02, a P/E/G ratio of 2.70 and a beta of 1.90. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03. The company's fifty day moving average price is $216.58 and its two-hundred day moving average price is $215.43.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share 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 the consensus estimate of $556.93 million. On average, analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. Barclays dropped their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. dropped 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 report on Friday, March 28th. One investment analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.