Talen Energy Corporation (NASDAQ:TLN) is Sculptor Capital LP's 6th Largest Position

Sculptor Capital LP reduced its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 31.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 886,700 shares of the utilities provider's stock after selling 414,000 shares during the quarter. Talen Energy comprises approximately 2.4% of Sculptor Capital LP's holdings, making the stock its 6th largest position. Sculptor Capital LP owned about 1.74% of Talen Energy worth $178,643,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position 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 last quarter. William Blair Investment Management LLC bought a new stake in shares of Talen Energy in the fourth quarter valued at about $239,984,000. Lone Pine Capital LLC raised its holdings in shares of 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 acquiring an additional 233,165 shares in the last quarter. Fred Alger Management LLC raised its holdings in shares of Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after acquiring an additional 577,257 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Talen Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after acquiring an additional 161,269 shares in the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Trading Up 0.4%

Shares of TLN traded up $0.91 during midday trading on Tuesday, reaching $241.21. The company had a trading volume of 510,041 shares, compared to its average volume of 1,096,894. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The stock has a market cap of $10.98 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. The firm has a 50 day simple moving average of $211.61 and a 200-day simple moving average of $213.00. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued 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). Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. The company had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Research analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Ratings Changes

TLN has been the topic of a number of analyst reports. Morgan Stanley assumed coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. UBS Group dropped their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Finally, Bank of America assumed coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target on the stock. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy has a consensus rating of "Buy" and a consensus price target of $240.18.

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.