Shell Asset Management Co. Purchases New Shares in Talen Energy Corporation (NASDAQ:TLN)

Shell Asset Management Co. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 710 shares of the utilities provider’s stock, valued at approximately $143,000.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its holdings in Talen Energy by 170.6% during the 4th 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 bought a new stake in shares of Talen Energy during the fourth quarter worth approximately $37,000. Geneos Wealth Management Inc. acquired a new position in Talen Energy in the fourth quarter valued at approximately $39,000. Empowered Funds LLC bought a new position in Talen Energy in the fourth quarter valued at approximately $42,000. Finally, Whipplewood Advisors LLC bought a new position in Talen Energy in the fourth quarter valued at approximately $53,000. 0.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TLN. Evercore ISI began coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. JPMorgan Chase & Co. cut their target price 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 reduced their target price on Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Morgan Stanley assumed coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target for the company. Finally, Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy currently has a consensus rating of “Buy” and an average price target of $240.18.

Talen Energy Price Performance

Shares of TLN opened at $240.30 on Tuesday. The stock has a 50 day simple moving average of $210.69 and a 200 day simple moving average of $212.81. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The firm has a market capitalization of $10.94 billion, a PE ratio of 12.86, a P/E/G ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The company had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Sell-side analysts predict 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.