Mercuria Capital Strategies LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,000 shares of the utilities provider's stock, valued at approximately $3,993,000. Talen Energy comprises about 4.8% of Mercuria Capital Strategies LLC's portfolio, making the stock its 4th biggest holding.
A number of other institutional investors have also recently bought and sold shares of TLN. Allworth Financial LP increased its holdings in shares of 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 acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Talen Energy in the fourth quarter valued at approximately $37,000. Empowered Funds LLC acquired a new position in shares of Talen Energy in the fourth quarter valued at approximately $42,000. State of Wyoming bought a new stake in shares of Talen Energy during the fourth quarter worth $50,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Talen Energy during the fourth quarter worth $53,000. Institutional investors and hedge funds own 0.38% of the company's stock.
Talen Energy Trading Up 1.0%
Shares of Talen Energy stock opened at $258.54 on Friday. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $261.98. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The business's 50 day moving average is $221.94 and its 200-day moving average is $217.14. The stock has a market cap of $11.77 billion, a P/E ratio of 13.84, a P/E/G ratio of 2.70 and a beta of 1.78.
Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results 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). The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. Equities research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Barclays cut their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. UBS Group dropped their target price on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Finally, Morgan Stanley began coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $240.18.
View Our Latest Report on TLN
About Talen Energy
(
Free Report)
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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