Vennlight Capital Management LP Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Vennlight Capital Management LP acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 51,509 shares of the utilities provider’s stock, valued at approximately $10,378,000. Talen Energy comprises about 9.9% of Vennlight Capital Management LP’s holdings, making the stock its 3rd largest holding.

Several other institutional investors also recently modified their holdings of the business. Wedbush Securities Inc. boosted its position in Talen Energy by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 61 shares during the last quarter. Allworth Financial LP boosted its position in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Talen Energy in the fourth quarter worth about $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy in the fourth quarter worth about $39,000. Finally, Empowered Funds LLC purchased a new position in Talen Energy in the fourth quarter worth about $42,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Up 0.0%

Shares of TLN opened at $244.86 on Monday. 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 Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The business’s 50 day moving average is $209.87 and its 200 day moving average is $212.34. The company has a market capitalization of $11.14 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data 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 firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI assumed coverage on Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating on the stock. Barclays lowered their price objective on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective on the stock. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $240.18.

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.