Tran Capital Management L.P. Reduces Position in Talen Energy Corporation (NASDAQ:TLN)

Tran Capital Management L.P. cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,930 shares of the utilities provider's stock after selling 25,414 shares during the period. Talen Energy comprises about 7.2% of Tran Capital Management L.P.'s investment portfolio, making the stock its 2nd biggest holding. Tran Capital Management L.P. owned approximately 0.59% of Talen Energy worth $53,298,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TLN. Allworth Financial LP grew its stake in Talen Energy by 170.6% in 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 in the last quarter. Jones Financial Companies Lllp acquired a new position in Talen Energy in the fourth quarter worth about $37,000. Empowered Funds LLC acquired a new position in Talen Energy in the fourth quarter worth about $42,000. State of Wyoming acquired a new position in Talen Energy in the fourth quarter worth about $50,000. Finally, Whipplewood Advisors LLC acquired a new position in Talen Energy in the fourth quarter worth about $53,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley assumed coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target for the company. Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Barclays cut their target price 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. UBS Group cut their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Evercore ISI started coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $240.18.

Talen Energy Stock Performance

Shares of TLN traded up $0.17 during mid-day trading on Thursday, reaching $274.99. 1,199,870 shares of the company's stock traded hands, compared to its average volume of 1,090,372. The business's 50-day moving average price is $228.05 and its 200-day moving average price is $218.53. The stock has a market capitalization of $12.51 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78. 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 $277.22.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS 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 firm had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. Equities analysts predict 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.