Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Rhumbline Advisers

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

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in 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 buying an additional 256,414 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Talen Energy during the 4th quarter worth approximately $239,984,000. Lone Pine Capital LLC increased its stake in Talen Energy by 27.2% during the 4th 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 increased its stake in Talen Energy by 152.9% during the 4th quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after buying an additional 577,257 shares in the last quarter. Finally, Invesco Ltd. grew 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 purchasing an additional 161,269 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TLN. UBS Group dropped 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. Wall Street Zen lowered Talen Energy from a "hold" rating to a "sell" rating in a research report on Sunday. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target for the company. Raymond James Financial began coverage on Talen Energy in a research report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target for the company. Finally, Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $246.33.

Talen Energy Stock Performance

NASDAQ TLN opened at $291.59 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. The stock has a fifty day simple moving average of $240.82 and a 200-day simple moving average of $221.98. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $294.76. The stock has a market cap of $13.27 billion, a PE ratio of 30.28, a P/E/G ratio of 7.06 and a beta of 1.79.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced 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 company had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. Equities analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current 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.

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