Newbrook Capital Advisors LP Has $24.75 Million Stock Position in Talen Energy Corporation (NASDAQ:TLN)

Newbrook Capital Advisors LP decreased its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 41.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,869 shares of the utilities provider's stock after selling 85,951 shares during the period. Talen Energy makes up 3.2% of Newbrook Capital Advisors LP's investment portfolio, making the stock its 16th largest holding. Newbrook Capital Advisors LP owned 0.24% of Talen Energy worth $24,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TLN. William Blair Investment Management LLC acquired a new stake in shares of Talen Energy in the fourth quarter worth approximately $239,984,000. Fred Alger Management LLC lifted its position in Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after buying an additional 577,257 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of Talen Energy during the fourth quarter valued at approximately $101,931,000. Clearbridge Investments LLC purchased a new stake in shares of Talen Energy during the fourth quarter valued at approximately $88,065,000. Finally, Vanguard Group Inc. increased its stake in shares of Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after buying an additional 256,414 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Price Performance

Shares of NASDAQ:TLN traded down $5.17 on Monday, hitting $239.69. The stock had a trading volume of 220,467 shares, compared to its average volume of 1,097,261. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. 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 firm's 50 day moving average price is $209.87 and its 200-day moving average price is $212.34. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TLN. Bank of America initiated coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a "buy" rating and a $253.00 target price for the company. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating on the stock. UBS Group cut their price objective 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, JPMorgan Chase & Co. cut their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy has a consensus rating of "Buy" and a consensus price target 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.