OMERS ADMINISTRATION Corp Purchases Shares of 2,600 Talen Energy Corporation (NASDAQ:TLN)

OMERS ADMINISTRATION Corp bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,600 shares of the utilities provider's stock, valued at approximately $524,000.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after purchasing an additional 256,414 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Talen Energy during the 4th quarter valued at $239,984,000. Lone Pine Capital LLC increased its position in Talen Energy by 27.2% during the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after buying an additional 233,165 shares in the last quarter. Fred Alger Management LLC raised its holdings in shares of Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after acquiring an additional 577,257 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Talen Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after acquiring an additional 161,269 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analyst Weigh In

TLN has been the subject of a number of recent research reports. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Wall Street Zen downgraded shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday. 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 research report on Friday, March 28th. Barclays decreased their target price 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. Finally, Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $240.18.

Talen Energy Stock Performance

TLN stock traded up $3.24 during mid-day trading on Thursday, reaching $238.63. 601,358 shares of the stock traded hands, compared to its average volume of 1,091,928. 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 has a 50-day moving average of $212.22 and a two-hundred day moving average of $213.16. The firm has a market capitalization of $10.86 billion, a PE ratio of 12.77, a P/E/G ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last released 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 business had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. As a group, equities analysts predict that Talen Energy Corporation will post 15.94 EPS 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.