UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys New Position in Talen Energy Corporation (NASDAQ:TLN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,552 shares of the utilities provider's stock, valued at approximately $8,573,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of Talen Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TLN. William Blair Investment Management LLC acquired a new stake in shares of Talen Energy during the fourth quarter worth $239,984,000. Fred Alger Management LLC increased its holdings 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 acquiring an additional 577,257 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in Talen Energy during the fourth quarter worth $101,931,000. Clearbridge Investments LLC purchased a new position in Talen Energy in the fourth quarter worth $88,065,000. Finally, Vanguard Group Inc. raised its stake in shares of Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after purchasing an additional 256,414 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TLN. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Barclays reduced their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Wall Street Zen lowered Talen Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, UBS Group decreased their price objective on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $240.18.

Talen Energy Trading Up 1.8%

Shares of TLN stock traded up $4.52 during trading hours on Wednesday, hitting $260.00. 1,009,520 shares of the company's stock traded hands, compared to its average volume of 1,081,539. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The stock has a market cap of $11.83 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78. The stock's 50 day simple moving average is $219.80 and its 200 day simple moving average is $216.43. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $261.74.

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

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.