Rhumbline Advisers Decreases Position in Talen Energy Corporation (NASDAQ:TLN)

Rhumbline Advisers cut its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 64.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,950 shares of the utilities provider's stock after selling 3,580 shares during the period. Rhumbline Advisers' holdings in Talen Energy were worth $389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fulcrum Equity Management acquired a new position in shares of Talen Energy during the 4th quarter worth $236,000. California State Teachers Retirement System purchased a new position in Talen Energy during the 4th quarter valued at about $6,200,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Talen Energy during the fourth quarter worth about $541,000. B. Riley Wealth Advisors Inc. acquired a new position in Talen Energy during the fourth quarter worth about $272,000. Finally, Formidable Asset Management LLC purchased a new stake in shares of Talen Energy in the fourth quarter valued at about $202,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TLN shares. Morgan Stanley initiated coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective on the stock. Barclays decreased 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. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. UBS Group upped their price objective on shares of Talen Energy from $296.00 to $366.00 and gave the company a "buy" rating in a research note on Friday. Finally, Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Talen Energy currently has an average rating of "Moderate Buy" and a consensus price target of $255.25.

Talen Energy Trading Up 2.2%

TLN stock traded up $6.50 during trading on Friday, reaching $297.88. 4,503,034 shares of the stock traded hands, compared to its average volume of 1,094,350. The firm has a market capitalization of $13.56 billion, a PE ratio of 30.93, a P/E/G ratio of 6.91 and a beta of 1.78. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The business's 50 day moving average price is $246.10 and its 200-day moving average price is $223.51. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $300.00.

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 for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. As a group, sell-side analysts forecast that Talen Energy Corporation will post 15.94 earnings per share 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.