1,200 Shares in Talen Energy Corporation $TLN Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. has acquired a new position in Talen Energy Corporation, purchasing 1,200 shares valued at approximately $240,000.
• Wall Street analysts are optimistic about Talen Energy, with a consensus rating of "Buy" and a target price around $316.00, following multiple upgrades from various firms.
• Talen Energy significantly exceeded earnings expectations in its last quarter, reporting $1.50 EPS, compared to analysts' predictions of ($1.13).

Northwestern Mutual Wealth Management Co. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,200 shares of the utilities provider's stock, valued at approximately $240,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC boosted its position in Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Talen Energy in the first quarter valued at about $25,000. Golden State Wealth Management LLC bought a new position in shares of Talen Energy in the first quarter worth approximately $35,000. LRI Investments LLC lifted its position in Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Talen Energy during the 1st quarter valued at $35,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TLN has been the topic of a number of recent analyst reports. Melius began coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $427.00 price target on the stock. Barclays raised their target price on shares of Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Morgan Stanley upped their price target on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Friday, July 18th. UBS Group set a $431.00 price objective on Talen Energy and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group raised their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Fifteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Talen Energy has an average rating of "Buy" and an average price target of $326.08.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $296.04, for a total value of $52,695,120.00. Following the completion of the transaction, the insider directly owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold 388,530 shares of company stock worth $114,090,933 over the last 90 days.

Talen Energy Stock Performance

Shares of Talen Energy stock traded down $2.76 on Monday, hitting $386.44. 562,364 shares of the company's stock were exchanged, compared to its average volume of 1,185,363. The company has a 50-day simple moving average of $342.25 and a 200-day simple moving average of $266.41. Talen Energy Corporation has a 1 year low of $141.03 and a 1 year high of $394.25. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. The stock has a market capitalization of $17.66 billion, a PE ratio of 109.42, a PEG ratio of 2.68 and a beta of 1.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. The business had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. As a group, equities analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current 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.