Quantinno Capital Management LP Buys New Stake in Talen Energy Corporation (NASDAQ:TLN)

Quantinno Capital Management LP bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,847 shares of the utilities provider's stock, valued at approximately $574,000.

Several other institutional investors have also modified their holdings of TLN. Panoramic Capital LLC purchased a new position in Talen Energy in the fourth quarter worth approximately $1,374,000. Man Group plc lifted its stake in shares of Talen Energy by 106.5% in the 4th quarter. Man Group plc now owns 114,399 shares of the utilities provider's stock valued at $23,048,000 after purchasing an additional 59,013 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Talen Energy during the 4th quarter worth $524,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Talen Energy during the 4th quarter worth about $1,313,000. Finally, Laurion Capital Management LP raised its holdings in Talen Energy by 28.7% in the 4th quarter. Laurion Capital Management LP now owns 18,810 shares of the utilities provider's stock valued at $3,790,000 after buying an additional 4,200 shares during the period. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 0.1%

NASDAQ TLN traded down $0.33 during trading hours on Friday, hitting $244.36. 105,081 shares of the company were exchanged, compared to its average volume of 1,078,351. The company has a 50 day moving average of $216.07 and a two-hundred day moving average of $215.13. 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 firm has a market cap of $11.12 billion, a price-to-earnings ratio of 13.08, a PEG 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 quarterly earnings data 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 firm had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. Equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TLN shares. Evercore ISI started coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating for the company. Barclays lowered their price objective 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. JPMorgan Chase & Co. cut their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. UBS Group lowered their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Wall Street Zen downgraded Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $240.18.

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.