Deutsche Bank AG Purchases New Stake in Talen Energy Corporation (NASDAQ:TLN)

Deutsche Bank AG purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,581 shares of the utilities provider’s stock, valued at approximately $319,000.

Several other hedge funds have also recently bought and sold shares of TLN. Vanguard Group Inc. raised its stake in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock valued at $964,302,000 after purchasing an additional 256,414 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Talen Energy during the fourth quarter valued at approximately $239,984,000. Lone Pine Capital LLC raised its stake in shares of Talen Energy by 27.2% during 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 purchasing an additional 233,165 shares during the period. Invesco Ltd. raised its stake in shares of Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider’s stock valued at $131,455,000 after purchasing an additional 161,269 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Talen Energy during the fourth quarter valued at approximately $101,931,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

Talen Energy stock opened at $243.26 on Friday. The company has a market cap of $11.07 billion, a PE ratio of 13.02, a P/E/G ratio of 2.70 and a beta of 1.90. The company has a fifty day moving average price of $216.58 and a two-hundred day moving average price of $215.43. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03.

Talen Energy (NASDAQ:TLN) last released 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 analyst estimates of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. Research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analyst Weigh In

TLN has been the subject of a number of recent analyst reports. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. UBS Group decreased their price target on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Barclays decreased their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Finally, Wall Street Zen downgraded shares of Talen Energy from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Talen Energy has a consensus rating of “Moderate Buy” and a consensus target price 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.