World Equity Group Inc. Sells 1,954 Shares of Talen Energy Corporation (NASDAQ:TLN)

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

Several other hedge funds have also recently modified their holdings of TLN. Wedbush Securities Inc. increased its holdings in Talen Energy by 5.1% during the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock worth $254,000 after buying an additional 61 shares during the last quarter. Allworth Financial LP increased its stake in shares of Talen Energy by 170.6% during the 4th 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 last quarter. Jones Financial Companies Lllp bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $37,000. Avior Wealth Management LLC lifted its stake in Talen Energy by 15.6% in the first quarter. Avior Wealth Management LLC now owns 1,484 shares of the utilities provider's stock valued at $296,000 after purchasing an additional 200 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in Talen Energy in the fourth quarter valued at approximately $42,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Shares of Talen Energy stock traded up $3.38 during trading on Thursday, hitting $291.38. The stock had a trading volume of 786,861 shares, compared to its average volume of 1,080,264. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $300.00. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 6.91 and a beta of 1.78. The business's 50-day moving average is $246.10 and its 200 day moving average is $223.51.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data 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). Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. The company had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. As a group, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analysts Set New Price Targets

TLN has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Susquehanna reissued an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Barclays dropped their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. Finally, Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Sunday. One equities research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $246.33.

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.