Voloridge Investment Management LLC Purchases Shares of 4,733 Talen Energy Corporation (NASDAQ:TLN)

Voloridge Investment Management LLC acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,733 shares of the utilities provider's stock, valued at approximately $954,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after buying an additional 256,414 shares during the last quarter. William Blair Investment Management LLC bought a new position in Talen Energy during the 4th quarter worth $239,984,000. Lone Pine Capital LLC increased its holdings in shares of Talen Energy by 27.2% in the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after acquiring an additional 233,165 shares during the period. Fred Alger Management LLC boosted its position 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 worth $192,353,000 after buying an additional 577,257 shares during the period. Finally, Invesco Ltd. boosted its position in Talen Energy by 32.8% during the 4th quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after acquiring an additional 161,269 shares during the period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI started coverage on Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating for the company. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Morgan Stanley initiated coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Barclays reduced their price objective 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. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $240.18.

Talen Energy Stock Up 2.5%

Shares of Talen Energy stock traded up $6.17 on Tuesday, hitting $254.73. 399,193 shares of the company traded hands, compared to its average volume of 1,076,773. The company has a market cap of $11.59 billion, a PE ratio of 13.64, a PEG ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $263.12. 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 company has a 50-day moving average price of $217.49 and a 200 day moving average price of $215.85.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.59% and a net margin of 50.48%. The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Sell-side 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.