Point72 Asset Management L.P. Sells 222,859 Shares of Talen Energy Corporation (NASDAQ:TLN)

Point72 Asset Management L.P. lowered its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 46.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 253,592 shares of the utilities provider's stock after selling 222,859 shares during the period. Point72 Asset Management L.P. owned about 0.50% of Talen Energy worth $51,091,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake 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 worth $964,302,000 after acquiring an additional 256,414 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Talen Energy in the fourth quarter valued at approximately $239,984,000. Lone Pine Capital LLC boosted its position in Talen Energy by 27.2% in the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock valued at $219,477,000 after buying an additional 233,165 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after buying an additional 577,257 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after buying an additional 161,269 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TLN shares. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Morgan Stanley assumed coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. Barclays cut their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Finally, 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 objective for the company. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $240.18.

Talen Energy Trading Down 1.9%

Shares of NASDAQ:TLN traded down $4.56 during midday trading on Monday, reaching $240.30. The company's stock had a trading volume of 746,502 shares, compared to its average volume of 1,099,611. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week 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 has a 50 day moving average price of $209.87 and a two-hundred day moving average price of $212.34. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.35). The business 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%. As a group, analysts forecast that Talen Energy Corporation will post 15.94 earnings per share 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.