Two Sigma Investments LP Sells 77,442 Shares of Talen Energy Corporation (NASDAQ:TLN)

Two Sigma Investments LP cut its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 41.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,664 shares of the utilities provider's stock after selling 77,442 shares during the period. Two Sigma Investments LP owned approximately 0.21% of Talen Energy worth $21,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of Talen Energy during the 4th quarter worth $152,000. Janney Montgomery Scott LLC raised its holdings in shares of Talen Energy by 1,013.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,859 shares of the utilities provider's stock worth $2,591,000 after buying an additional 11,704 shares in the last quarter. Avior Wealth Management LLC acquired a new position in shares of Talen Energy during the 4th quarter worth $259,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in shares of Talen Energy by 144.3% during the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 109,200 shares of the utilities provider's stock worth $22,001,000 after buying an additional 64,500 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy during the 4th quarter worth $39,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TLN shares. Morgan Stanley started coverage on Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target for the company. 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, Evercore ISI initiated coverage on Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $240.18.

Talen Energy Price Performance

TLN traded up $4.45 on Friday, reaching $243.08. The stock had a trading volume of 457,336 shares, compared to its average volume of 1,089,067. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The firm has a 50-day moving average of $213.66 and a 200-day moving average of $214.15. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS 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 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 EPS for the current year.

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.