Thoroughbred Financial Services LLC Buys Shares of 3,789 Talen Energy Corporation (NASDAQ:TLN)

Thoroughbred Financial Services LLC bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,789 shares of the utilities provider's stock, valued at approximately $756,000.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Talen Energy in the first quarter valued at about $35,000. LRI Investments LLC grew its position in shares of Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Talen Energy in the 1st quarter valued at $35,000. Finally, IFP Advisors Inc grew its stake in Talen Energy by 42.4% during the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after buying an additional 56 shares in the last quarter. Institutional investors own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TLN. UBS Group set a $431.00 price target on shares of Talen Energy and gave the company a "buy" rating in a report on Friday, July 25th. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Raymond James Financial began coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective for the company. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Finally, Oppenheimer set a $315.00 price target on Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $292.58.

Talen Energy Trading Down 0.2%

TLN stock traded down $0.90 during trading on Friday, hitting $374.68. The company had a trading volume of 619,829 shares, compared to its average volume of 1,483,426. Talen Energy Corporation has a 52-week low of $113.41 and a 52-week high of $394.07. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52. The company has a 50 day simple moving average of $302.73 and a 200-day simple moving average of $246.55. The firm has a market capitalization of $17.05 billion, a P/E ratio of 106.14, a PEG ratio of 3.12 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of ($1.13) by $2.63. Talen Energy had a return on equity of 16.68% and a net margin of 8.75%. The business had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. As a group, research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction that occurred on 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 sale, the insider owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This represents a 3.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 388,530 shares of company stock worth $114,090,933 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

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.