Talen Energy Corporation (NASDAQ:TLN) Stock Holdings Lowered by Scientech Research LLC

Scientech Research LLC decreased its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,017 shares of the utilities provider's stock after selling 6,724 shares during the period. Scientech Research LLC's holdings in Talen Energy were worth $1,414,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TLN. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Talen Energy during the 4th quarter valued at about $240,000. Diversify Advisory Services LLC purchased a new stake in shares of Talen Energy during the fourth quarter worth about $5,794,000. SG Americas Securities LLC purchased a new stake in shares of Talen Energy during the fourth quarter worth about $152,000. Janney Montgomery Scott LLC grew its holdings in Talen Energy by 1,013.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,859 shares of the utilities provider's stock valued at $2,591,000 after purchasing an additional 11,704 shares during the period. Finally, Avior Wealth Management LLC purchased a new stake in Talen Energy in the fourth quarter valued at approximately $259,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TLN shares. Morgan Stanley started coverage on Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. Barclays reduced their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. UBS Group reduced their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Finally, Evercore ISI started coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating on the stock. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $240.18.

Talen Energy Stock Up 0.4%

TLN traded up $0.91 during trading on Tuesday, hitting $241.21. The company had a trading volume of 510,041 shares, compared to its average volume of 1,096,894. The company has a market cap of $10.98 billion, a PE ratio of 12.91, a P/E/G ratio of 2.70 and a beta of 1.90. The business has a 50-day moving average of $211.61 and a 200-day moving average of $213.00. 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 1-year low of $98.50 and a 1-year high of $258.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted 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 company 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 Company 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.