Man Group plc Boosts Stake in Talen Energy Corporation (NASDAQ:TLN)

Man Group plc lifted its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 106.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,399 shares of the utilities provider's stock after acquiring an additional 59,013 shares during the period. Man Group plc owned 0.22% of Talen Energy worth $23,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its holdings 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 in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Talen Energy in the 4th quarter worth about $37,000. Geneos Wealth Management Inc. bought a new position in shares of Talen Energy in the 4th quarter worth about $39,000. Empowered Funds LLC purchased a new position in Talen Energy during the 4th quarter valued at about $42,000. Finally, Whipplewood Advisors LLC bought a new stake in Talen Energy during the fourth quarter worth about $53,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

NASDAQ TLN opened at $244.80 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 2.70 and a beta of 1.90. The stock has a 50-day moving average of $208.50 and a 200 day moving average of $211.43. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced 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 company 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, sell-side analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Upgrades and Downgrades

TLN has been the subject of several recent research reports. Barclays lowered their target price 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. Morgan Stanley assumed coverage on Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. Bank of America assumed coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating for the company. Finally, JPMorgan Chase & Co. cut 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. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus 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.

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