Sagefield Capital LP decreased its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,314 shares of the utilities provider's stock after selling 32,004 shares during the quarter. Talen Energy makes up about 3.0% of Sagefield Capital LP's investment portfolio, making the stock its 9th largest position. Sagefield Capital LP owned approximately 0.26% of Talen Energy worth $27,060,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of TLN. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy in the 4th quarter valued at $240,000. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 256,414 shares during the period. Rhumbline Advisers grew its stake in shares of Talen Energy by 37.3% during the fourth quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock worth $1,114,000 after purchasing an additional 1,503 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Talen Energy during the fourth quarter worth $5,794,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Talen Energy by 28.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,150 shares of the utilities provider's stock worth $2,045,000 after purchasing an additional 2,233 shares during the period. Institutional investors own 0.38% of the company's stock.
Talen Energy Stock Performance
NASDAQ TLN traded up $0.91 during trading on Tuesday, reaching $241.21. 510,041 shares of the company's stock were exchanged, compared to its average volume of 1,096,894. The business has a 50 day moving average price of $211.61 and a 200-day moving average price of $213.00. The stock has a market capitalization of $10.98 billion, a P/E ratio of 12.91, a PEG ratio of 2.70 and a beta of 1.90. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03.
Talen Energy (NASDAQ:TLN - Get Free Report) last posted 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). 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 during the quarter, compared to analyst estimates of $556.93 million. Sell-side analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.
Analysts Set New Price Targets
TLN has been the subject of a number of analyst reports. Barclays decreased their price objective 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. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research note on Wednesday, March 5th. Morgan Stanley initiated coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Evercore ISI initiated coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating for the company. Finally, JPMorgan Chase & Co. decreased their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $240.18.
Check Out Our Latest Stock Report on Talen Energy
Talen Energy Company Profile
(
Free Report)
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.
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