Merit Financial Group LLC Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Merit Financial Group LLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,439 shares of the utilities provider's stock, valued at approximately $487,000.

A number of other large investors also recently bought and sold shares of the business. Allworth Financial LP grew 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 purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Talen Energy during the 4th quarter worth $37,000. Empowered Funds LLC acquired a new position in Talen Energy during the 4th quarter valued at about $42,000. State of Wyoming purchased a new stake in Talen Energy in the fourth quarter valued at about $50,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Talen Energy during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analysts Set New Price Targets

TLN has been the subject of a number of recent research reports. Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a research report on Saturday. Barclays dropped their price target on shares of 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 assumed coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Finally, UBS Group lowered their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $246.33.

Talen Energy Stock Up 0.8%

Shares of Talen Energy stock traded up $2.17 during trading hours on Friday, hitting $277.16. 1,013,312 shares of the company's stock traded hands, compared to its average volume of 1,090,043. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $280.29. 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 company has a market cap of $12.61 billion, a PE ratio of 14.84, a PEG ratio of 2.70 and a beta of 1.78. The stock has a 50 day simple moving average of $229.94 and a 200-day simple moving average of $218.95.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Talen Energy Company Profile

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.