Steamboat Capital Partners LLC Has $1.97 Million Position in Talen Energy Corporation (NASDAQ:TLN)

Steamboat Capital Partners LLC raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 96.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,798 shares of the utilities provider’s stock after buying an additional 4,812 shares during the quarter. Steamboat Capital Partners LLC’s holdings in Talen Energy were worth $1,974,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TLN. Thornburg Investment Management Inc. bought a new position in shares of Talen Energy during the 4th quarter valued at about $7,903,000. Shell Asset Management Co. acquired a new stake in Talen Energy during the 4th quarter worth approximately $143,000. Quantinno Capital Management LP acquired a new position in shares of Talen Energy in the fourth quarter valued at approximately $574,000. Panoramic Capital LLC acquired a new position in shares of Talen Energy in the fourth quarter valued at approximately $1,374,000. Finally, Man Group plc boosted its holdings in shares of Talen Energy by 106.5% in the fourth quarter. Man Group plc now owns 114,399 shares of the utilities provider’s stock valued at $23,048,000 after buying an additional 59,013 shares during the period. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Performance

Shares of TLN stock opened at $244.86 on Friday. The company’s fifty day simple moving average is $209.87 and its 200-day simple moving average is $212.13. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm has a market cap 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 Corporation has a 12 month low of $98.50 and a 12 month high of $258.03.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data 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 business 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%. Equities research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating for the company. Barclays reduced their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Bank of America assumed coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. Finally, Morgan Stanley assumed coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target for the company. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $240.18.

Talen Energy Company 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.