Northern Trust Corp Grows Position in Talen Energy Corporation (NASDAQ:TLN)

Northern Trust Corp increased its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,949 shares of the utilities provider's stock after buying an additional 8,626 shares during the quarter. Northern Trust Corp owned 0.23% of Talen Energy worth $23,965,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after purchasing an additional 256,414 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Talen Energy during the fourth quarter valued at approximately $239,984,000. Invesco Ltd. lifted its holdings in Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after purchasing an additional 161,269 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in Talen Energy during the fourth quarter valued at approximately $101,931,000. Finally, Clearbridge Investments LLC purchased a new position in Talen Energy during the fourth quarter valued at approximately $88,065,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. Barclays reduced their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Bank of America assumed coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective on the stock. JPMorgan Chase & Co. reduced 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. Finally, Morgan Stanley assumed coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective on the stock. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy presently has a consensus rating of "Buy" and a consensus target price of $240.18.

Talen Energy Price Performance

TLN traded down $0.12 during trading hours on Thursday, hitting $244.80. The company's stock had a trading volume of 806,914 shares, compared to its average volume of 1,102,675. The business's 50-day moving average price is $208.50 and its 200-day moving average price is $211.43. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 2.70 and a beta of 1.90. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $556.93 million. Sell-side analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

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.