Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Scientech Research LLC

Scientech Research LLC lowered its stake in Talen Energy Corporation (NASDAQ:TLN) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,017 shares of the utilities provider’s stock after selling 6,724 shares during the quarter. Scientech Research LLC’s holdings in Talen Energy were worth $1,414,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wedbush Securities Inc. lifted its holdings in Talen Energy by 5.1% in the 4th quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 61 shares during the last quarter. Allworth Financial LP lifted its holdings in 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 during the last quarter. Jones Financial Companies Lllp acquired a new stake in Talen Energy during the 4th quarter worth about $37,000. Geneos Wealth Management Inc. acquired a new stake in Talen Energy during the 4th quarter worth about $39,000. Finally, Empowered Funds LLC acquired a new stake in Talen Energy during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TLN. UBS Group cut their price objective 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 began coverage on Talen Energy in a report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price objective on the stock. Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They set an “outperform” rating on the stock. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their target price on Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $240.18.

Talen Energy Trading Up 0.0%

Shares of NASDAQ TLN opened at $244.86 on Friday. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 2.70 and a beta of 1.90. The business has a 50 day simple moving average of $209.87 and a 200 day simple moving average of $211.86. 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.

Talen Energy (NASDAQ:TLN) last announced 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 during the quarter, compared to the consensus estimate 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 predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal 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.