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Deutsche Bank AG bought a new stake in Talen Energy Corporation (NASDAQ:TLN – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,581 shares of the utilities provider’s stock, valued at approximately $319,000.
Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Talen Energy during the fourth quarter valued at about $37,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy during the fourth quarter valued at about $39,000. Empowered Funds LLC bought a new stake in shares of Talen Energy during the fourth quarter valued at about $42,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Talen Energy during the fourth quarter valued at about $53,000. 0.38% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
TLN has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Talen Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research note on Wednesday, March 5th. Bank of America initiated coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective on the stock. Evercore ISI initiated coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an “outperform” rating on the stock. Finally, Barclays cut their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and a consensus price target of $240.18.
View Our Latest Research Report on Talen Energy
Talen Energy Price Performance
Shares of Talen Energy stock opened at $243.26 on Friday. 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 company’s 50-day moving average price is $216.58 and its two-hundred day moving average price is $215.43. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03. The stock has a market cap of $11.07 billion, a PE ratio of 13.02, a price-to-earnings-growth 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 for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.35). The company had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. As a group, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.
About Talen Energy
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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