Vennlight Capital Management LP Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Vennlight Capital Management LP acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 51,509 shares of the utilities provider's stock, valued at approximately $10,378,000. Talen Energy comprises approximately 9.9% of Vennlight Capital Management LP's portfolio, making the stock its 3rd largest holding. Vennlight Capital Management LP owned 0.10% of Talen Energy as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wedbush Securities Inc. boosted its stake in Talen Energy by 5.1% in the 4th quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock worth $254,000 after buying an additional 61 shares during the last quarter. Allworth Financial LP boosted its stake in Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Talen Energy in the 4th quarter worth about $37,000. Geneos Wealth Management Inc. acquired a new stake in Talen Energy in the 4th quarter worth about $39,000. Finally, Empowered Funds LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $4.45 on Friday, hitting $243.08. The company's stock had a trading volume of 457,336 shares, compared to its average volume of 1,089,067. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. 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. The stock's 50-day moving average is $213.66 and its two-hundred day moving average is $214.00. 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 (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.35). The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. On average, equities research analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TLN shares. Evercore ISI started coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Wall Street Zen lowered Talen Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Morgan Stanley assumed coverage on Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock. UBS Group dropped their target price on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price on the stock. One investment analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Talen Energy currently has an average 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.