Temasek Holdings Private Ltd Cuts Stock Position in Talen Energy Corporation (NASDAQ:TLN)

Temasek Holdings Private Ltd cut its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 54.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Allworth Financial LP boosted its position 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 valued at $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Talen Energy during the 4th quarter worth $37,000. Geneos Wealth Management Inc. acquired a new position in Talen Energy during the 4th quarter valued at about $39,000. Empowered Funds LLC bought a new position in Talen Energy in the fourth quarter valued at approximately $42,000. Finally, State of Wyoming acquired a new stake in shares of Talen Energy during the fourth quarter worth $50,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

TLN traded up $4.59 during trading on Friday, reaching $243.22. 171,355 shares of the company traded hands, compared to its average volume of 1,087,817. The company has a market cap of $11.07 billion, a P/E ratio of 13.01, a PEG ratio of 2.70 and a beta of 1.90. The firm has a fifty day simple moving average of $212.86 and a 200 day simple moving average of $213.63. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its 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). Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. The business had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. On average, equities analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped 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 report on Friday, March 28th. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a report on Wednesday, March 5th. Wall Street Zen cut Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $240.18.

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.