Nomura Holdings Inc. Has $921,000 Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Nomura Holdings Inc. cut its position in Talen Energy Corporation (NASDAQ:TLN) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,573 shares of the utilities provider’s stock after selling 463 shares during the period. Nomura Holdings Inc.’s holdings in Talen Energy were worth $921,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Talen Energy by 5.7% in the 4th 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 period. Rhumbline Advisers boosted its stake in Talen Energy by 37.3% during the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider’s stock valued at $1,114,000 after purchasing an additional 1,503 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Talen Energy during the 4th quarter valued at about $5,794,000. Oppenheimer Asset Management Inc. boosted its stake in Talen Energy by 28.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,150 shares of the utilities provider’s stock valued at $2,045,000 after purchasing an additional 2,233 shares during the last quarter. Finally, Artemis Wealth Advisors LLC acquired a new position in Talen Energy during the 4th quarter valued at about $806,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Trading Down 1.9%

NASDAQ:TLN opened at $240.30 on Tuesday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $10.94 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. The firm’s 50 day moving average is $210.69 and its 200 day moving average is $212.81. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 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 the consensus estimate of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. Sell-side analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on TLN. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research note on Wednesday, March 5th. Morgan Stanley began coverage on Talen Energy in a research note on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price target for the company. JPMorgan Chase & Co. cut their price target on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Evercore ISI began coverage on Talen Energy in a research note on Friday, February 21st. They set an “outperform” rating for the company. Finally, Barclays cut their price target on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy currently has an average rating of “Buy” and a consensus 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.