Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,700 shares of the utilities provider's stock after selling 13,600 shares during the quarter. Two Sigma Advisers LP owned approximately 0.08% of Talen Energy worth $7,797,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TLN. William Blair Investment Management LLC acquired a new position in shares of Talen Energy in the fourth quarter valued at approximately $239,984,000. Fred Alger Management LLC grew its stake in Talen Energy by 152.9% in the 4th 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 period. Pictet Asset Management Holding SA acquired a new position in Talen Energy in the 4th quarter valued at $101,931,000. Clearbridge Investments LLC purchased a new position in shares of Talen Energy during the 4th quarter worth $88,065,000. Finally, Vanguard Group Inc. lifted 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 during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Up 0.9%

NASDAQ TLN traded up $2.14 on Tuesday, reaching $245.22. The company had a trading volume of 802,999 shares, compared to its average volume of 1,087,773. The firm has a market capitalization of $11.16 billion, a PE ratio of 13.13, a P/E/G ratio of 2.70 and a beta of 1.90. The firm has a 50-day moving average of $214.32 and a 200-day moving average of $214.47. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results 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). Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. The firm had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. On average, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Bank of America began coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price for the company. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. Evercore ISI initiated coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. UBS Group dropped their price target on shares of 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, JPMorgan Chase & Co. decreased their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $240.18.

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.