OMERS ADMINISTRATION Corp Takes $524,000 Position in Talen Energy Corporation (NASDAQ:TLN)

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

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Talen Energy by 5.7% during the 4th 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 in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Talen Energy during the fourth quarter worth $239,984,000. Lone Pine Capital LLC raised its stake in shares of Talen Energy by 27.2% in the fourth 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 in the last quarter. Fred Alger Management LLC boosted 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 period. Finally, Invesco Ltd. grew its stake in Talen Energy by 32.8% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

Shares of TLN opened at $244.86 on Monday. 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 Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a 50-day simple moving average of $209.87 and a 200-day simple moving average of $212.34. The company has a market capitalization of $11.14 billion, a PE ratio of 13.11, a P/E/G ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last issued 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 company had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $556.93 million. Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. Equities research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TLN shares. JPMorgan Chase & Co. reduced their target price on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Bank of America started coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective on the stock. UBS Group lowered their target price on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research note on Wednesday, March 5th. Finally, Evercore ISI assumed coverage on Talen Energy in a report on Friday, February 21st. They set an “outperform” rating for the company. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $240.18.

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.