Moore Capital Management LP Lowers Stake in Talen Energy Corporation (NASDAQ:TLN)

Moore Capital Management LP trimmed its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,292 shares of the utilities provider's stock after selling 11,718 shares during the period. Moore Capital Management LP owned 0.23% of Talen Energy worth $24,034,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Laurion Capital Management LP lifted its position in Talen Energy by 28.7% during the fourth quarter. Laurion Capital Management LP now owns 18,810 shares of the utilities provider's stock valued at $3,790,000 after purchasing an additional 4,200 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Talen Energy during the fourth quarter worth $3,845,000. Janus Henderson Group PLC bought a new position in Talen Energy during the fourth quarter valued at $3,343,000. Gotham Asset Management LLC purchased a new stake in shares of Talen Energy in the fourth quarter valued at $7,341,000. Finally, Encompass Capital Advisors LLC bought a new stake in shares of Talen Energy in the 4th quarter worth about $48,333,000. Hedge funds and other institutional investors 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. 806,914 shares of the stock traded hands, compared to its average volume of 1,102,675. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The company has a market cap 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 company has a fifty day moving average price of $206.92 and a 200-day moving average price of $211.02. 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 announced 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 net margin of 50.48% and a return on equity of 8.59%. The firm had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. As a group, research analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TLN has been the topic of several analyst reports. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target on the stock. Barclays cut their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Finally, Evercore ISI initiated coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $240.18.

Talen Energy Company 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.