Universal Beteiligungs und Servicegesellschaft mbH Takes $541,000 Position in Talen Energy Corporation (NASDAQ:TLN)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,687 shares of the utilities provider's stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted 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 during the last quarter. Jones Financial Companies Lllp bought a new position in Talen Energy in the fourth quarter worth about $37,000. Empowered Funds LLC bought a new position in Talen Energy in the fourth quarter worth about $42,000. State of Wyoming bought a new position in Talen Energy in the fourth quarter worth about $50,000. Finally, Whipplewood Advisors LLC bought a new position in Talen Energy in the fourth quarter worth about $53,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Up 1.0%

Shares of TLN stock traded up $2.60 during trading hours on Friday, reaching $258.54. 516,605 shares of the stock were exchanged, compared to its average volume of 1,076,594. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $261.98. 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's 50-day moving average price is $221.94 and its 200-day moving average price is $217.07. The firm has a market capitalization of $11.77 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78.

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). The firm had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. As a group, equities analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on TLN. Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price objective 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. UBS Group decreased their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target on the stock. Finally, Barclays decreased their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.