World Equity Group Inc. Has $266,000 Holdings in Talen Energy Corporation (NASDAQ:TLN)

World Equity Group Inc. cut its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 59.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,330 shares of the utilities provider's stock after selling 1,954 shares during the period. World Equity Group Inc.'s holdings in Talen Energy were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Congress Park Capital LLC acquired a new position in shares of Talen Energy during the 1st quarter worth about $250,000. Spirit of America Management Corp NY boosted its stake in shares of Talen Energy by 92.9% during the 1st quarter. Spirit of America Management Corp NY now owns 5,400 shares of the utilities provider's stock worth $1,078,000 after buying an additional 2,600 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Talen Energy by 15.6% during the 1st quarter. Avior Wealth Management LLC now owns 1,484 shares of the utilities provider's stock worth $296,000 after buying an additional 200 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Talen Energy during the 1st quarter worth about $3,306,000. Finally, Bfsg LLC acquired a new position in shares of Talen Energy during the 1st quarter worth about $716,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Raymond James Financial began coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Finally, Morgan Stanley began coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Talen Energy currently has an average rating of "Moderate Buy" and a consensus target price of $246.33.

Talen Energy Stock Performance

Talen Energy stock traded up $2.93 during trading hours on Monday, hitting $291.59. The company had a trading volume of 783,144 shares, compared to its average volume of 1,084,341. The firm has a market cap of $13.27 billion, a PE ratio of 30.28, a PEG ratio of 7.06 and a beta of 1.79. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. Talen Energy Corporation has a one year low of $98.50 and a one year high of $294.76. The firm has a 50-day moving average of $240.82 and a 200 day moving average of $221.98.

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 the consensus estimate of $1.17 by ($0.35). The company had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. On average, sell-side analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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.