2,600 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,600 shares of the utilities provider’s stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLN. Vanguard Group Inc. raised its position in shares of Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock valued at $964,302,000 after buying an additional 256,414 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Talen Energy in the 4th quarter worth approximately $239,984,000. Lone Pine Capital LLC raised its holdings in Talen Energy by 27.2% in the 4th 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 during the last quarter. Fred Alger Management LLC lifted its stake in shares of Talen Energy by 152.9% during the 4th quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider’s stock worth $192,353,000 after purchasing an additional 577,257 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider’s stock worth $131,455,000 after purchasing an additional 161,269 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Performance

Talen Energy stock opened at $244.86 on Monday. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. The firm’s fifty day moving average price is $209.87 and its 200 day moving average price is $212.34.

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). The business 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%. On average, research analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Evercore ISI initiated coverage on Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. Barclays lowered their target price on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Finally, Bank of America started coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set 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, the company currently has an average rating of “Buy” and a consensus target price 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.