Panoramic Capital LLC Invests $1.37 Million in Talen Energy Corporation (NASDAQ:TLN)

Panoramic Capital LLC purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,821 shares of the utilities provider's stock, valued at approximately $1,374,000.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Talen Energy during the fourth quarter worth $37,000. Geneos Wealth Management Inc. acquired a new stake in shares of Talen Energy during the fourth quarter worth $39,000. Empowered Funds LLC acquired a new stake in shares of Talen Energy during the fourth quarter worth $42,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Talen Energy during the fourth quarter worth $53,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

TLN has been the subject of a number of analyst reports. UBS Group dropped their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research note on Wednesday, March 5th. Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Bank of America initiated coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. Finally, Morgan Stanley initiated coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target for the company. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $240.18.

Talen Energy Price Performance

Talen Energy stock traded up $0.06 during midday trading on Friday, reaching $244.86. The company's stock had a trading volume of 796,598 shares, compared to its average volume of 1,101,252. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $209.87 and a 200-day moving average price of $211.86. The stock has a market cap of $11.14 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. On average, sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS for the current 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.