Steamboat Capital Partners LLC Raises Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Steamboat Capital Partners LLC lifted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 96.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,798 shares of the utilities provider's stock after buying an additional 4,812 shares during the quarter. Steamboat Capital Partners LLC's holdings in Talen Energy were worth $1,974,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP grew its position in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after buying an additional 116 shares during the period. Jones Financial Companies Lllp bought a new position in Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new position in Talen Energy in the fourth quarter valued at approximately $39,000. Empowered Funds LLC bought a new position in Talen Energy in the fourth quarter valued at approximately $42,000. Finally, Whipplewood Advisors LLC bought a new position in Talen Energy in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating on the stock. Bank of America assumed coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective 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. cut their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $240.18.

Talen Energy Stock Down 2.4%

TLN traded down $5.82 during mid-day trading on Wednesday, reaching $235.39. 502,584 shares of the stock were exchanged, compared to its average volume of 1,094,168. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The stock has a market capitalization of $10.71 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. The company has a 50 day moving average price of $212.22 and a two-hundred day moving average price of $213.16. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data 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 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%. As a group, research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Talen Energy 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.