2,560 Shares in Talen Energy Corporation (NASDAQ:TLN) Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, Holdings Channel reports. The firm purchased 2,560 shares of the utilities provider’s stock, valued at approximately $516,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in shares of Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy during the 4th quarter worth approximately $39,000. Empowered Funds LLC bought a new stake in shares of Talen Energy during the 4th quarter worth approximately $42,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Talen Energy during the 4th quarter worth approximately $53,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Performance

NASDAQ:TLN opened at $244.86 on Friday. The stock has a 50 day simple moving average of $209.87 and a 200 day simple moving average of $211.86. The stock has a market cap of $11.14 billion, a P/E ratio of 13.11, a PEG ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Talen Energy (NASDAQ:TLN) last announced 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 net margin of 50.48% and a return on equity of 8.59%. The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TLN. Barclays lowered their target price 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. UBS Group lowered their price objective on shares of 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 target price on shares of Talen Energy in a report on Wednesday, March 5th. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 price target for the company. Finally, Morgan Stanley began coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective on the stock. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $240.18.

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.