Panoramic Capital LLC Takes Position in Talen Energy Corporation (NASDAQ:TLN)

Panoramic Capital LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,821 shares of the utilities provider’s stock, valued at approximately $1,374,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. William Blair Investment Management LLC acquired a new stake in shares of Talen Energy during the 4th quarter valued at about $239,984,000. Fred Alger Management LLC increased its holdings in Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider’s stock valued at $192,353,000 after purchasing an additional 577,257 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in shares of Talen Energy in the fourth quarter worth about $101,931,000. Clearbridge Investments LLC bought a new stake in shares of Talen Energy in the fourth quarter worth about $88,065,000. Finally, Vanguard Group Inc. boosted its position in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock worth $964,302,000 after buying an additional 256,414 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

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 dropped their price target on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 target price for the company. Finally, Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy has a consensus rating of “Buy” and an average price target of $240.18.

Talen Energy Stock Up 1.9%

Shares of TLN opened at $241.08 on Wednesday. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The stock has a fifty day simple moving average of $205.55 and a two-hundred day simple moving average of $210.79. The company has a market capitalization of $10.97 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). The firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. As a group, equities analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

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.