Temasek Holdings Private Ltd Sells 9,731 Shares of Talen Energy Corporation (NASDAQ:TLN)

Temasek Holdings Private Ltd lessened its stake in Talen Energy Corporation (NASDAQ:TLN) by 54.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,060 shares of the utilities provider’s stock after selling 9,731 shares during the period. Temasek Holdings Private Ltd’s holdings in Talen Energy were worth $1,624,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC bought a new stake in shares of Talen Energy during the fourth quarter valued at approximately $239,984,000. Fred Alger Management LLC boosted its stake in Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider’s stock worth $192,353,000 after buying an additional 577,257 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in Talen Energy in the 4th quarter valued at $101,931,000. Clearbridge Investments LLC bought a new stake in Talen Energy in the 4th quarter valued at $88,065,000. Finally, Vanguard Group Inc. raised 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 in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating on the stock. Barclays decreased their price objective on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price for the company. UBS Group decreased their price target on Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Finally, Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $240.18.

Talen Energy Trading Up 0.0%

Shares of TLN opened at $244.86 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company 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 stock has a fifty day moving average price of $209.87 and a two-hundred day moving average price of $212.13. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03.

Talen Energy (NASDAQ:TLN) last released its quarterly 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). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

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.