Hudson Bay Capital Management LP Sells 25,000 Shares of Talen Energy Corporation (NASDAQ:TLN)

Hudson Bay Capital Management LP lessened its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 45.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,000 shares of the utilities provider's stock after selling 25,000 shares during the period. Hudson Bay Capital Management LP owned 0.06% of Talen Energy worth $6,044,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TLN. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Talen Energy in the 4th quarter valued at $240,000. Vanguard Group Inc. grew its holdings in shares of Talen Energy by 5.7% in the 4th 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 period. Rhumbline Advisers grew its holdings in shares of Talen Energy by 37.3% in the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock valued at $1,114,000 after buying an additional 1,503 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at $5,794,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Talen Energy by 28.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,150 shares of the utilities provider's stock valued at $2,045,000 after buying an additional 2,233 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Down 0.0%

NASDAQ TLN traded down $0.12 on Thursday, reaching $244.80. The company had a trading volume of 806,914 shares, compared to its average volume of 1,102,675. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. 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 Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The company's fifty day moving average is $208.50 and its 200-day moving average is $211.43.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results 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 return on equity of 8.59% and a net margin of 50.48%. The business had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. On average, research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TLN. Evercore ISI began coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. JPMorgan Chase & Co. decreased their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Barclays decreased their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Finally, UBS Group reduced their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $240.18.

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.