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

Two Sigma Advisers LP decreased its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 26.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 38,700 shares of the utilities provider's stock after selling 13,600 shares during the period. Two Sigma Advisers LP owned 0.08% of Talen Energy worth $7,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wedbush Securities Inc. lifted its stake in shares of Talen Energy by 5.1% during the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock valued at $254,000 after buying an additional 61 shares during the period. Allworth Financial LP raised its stake in Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares during the period. Jones Financial Companies Lllp purchased a new position in Talen Energy during the fourth quarter worth approximately $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy during the fourth quarter worth approximately $39,000. Finally, Empowered Funds LLC purchased a new position in Talen Energy during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Wall Street Analyst Weigh In

TLN has been the topic of a number of recent analyst reports. Evercore ISI initiated coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research note on Wednesday, March 5th. Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Barclays cut 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. Finally, JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Talen Energy has an average rating of "Moderate Buy" and a consensus target price of $240.18.

Talen Energy Stock Down 1.2%

TLN traded down $2.91 during trading hours on Thursday, reaching $241.61. 175,131 shares of the stock traded hands, compared to its average volume of 1,080,979. The firm's fifty day simple moving average is $215.56 and its two-hundred day simple moving average is $214.89. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week 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 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 analyst estimates of $556.93 million. Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. As a group, analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal 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.