Temasek Holdings Private Ltd Trims Stake in Talen Energy Corporation (NASDAQ:TLN)

Temasek Holdings Private Ltd reduced its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 54.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,060 shares of the utilities provider's stock after selling 9,731 shares during the period. Temasek Holdings Private Ltd's holdings in Talen Energy were worth $1,624,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TLN. William Blair Investment Management LLC purchased a new stake in shares of Talen Energy during the fourth quarter valued at $239,984,000. Fred Alger Management LLC boosted its position in shares of Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after buying an additional 577,257 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in Talen Energy in the fourth quarter worth about $101,931,000. Clearbridge Investments LLC purchased a new position in Talen Energy in the fourth quarter worth about $88,065,000. Finally, Vanguard Group Inc. boosted its position in Talen Energy by 5.7% in the fourth 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 last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Price Performance

Shares of NASDAQ TLN traded down $5.82 during midday trading on Wednesday, hitting $235.39. The stock had a trading volume of 502,584 shares, compared to its average volume of 1,094,168. The company has a market capitalization of $10.71 billion, a PE ratio of 12.60, a P/E/G ratio of 2.70 and a beta of 1.90. The stock has a 50 day simple moving average of $212.22 and a 200-day simple moving average of $213.16. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data 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). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. On average, sell-side analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America assumed coverage on Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Morgan Stanley assumed coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating on the stock. Finally, Barclays lowered their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy has an average rating of "Buy" and an average target price of $240.18.

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.