Advisors Asset Management Inc. Acquires Shares of 1,230 Talen Energy Corporation $TLN

Key Points

• Advisors Asset Management Inc. has invested approximately $246,000 in Talen Energy Corporation, acquiring 1,230 shares during the first quarter.
• Insider Rubric Capital Management Lp sold 178,000 shares of Talen Energy worth over $52 million, resulting in a 3.01% decrease in their ownership.
• Analysts have varied outlooks on Talen Energy, with price targets ranging from $315.00 to $430.00, and the majority rating the stock as a "Buy."

Advisors Asset Management Inc. purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,230 shares of the utilities provider's stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of Talen Energy by 75.8% during the first quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider's stock worth $3,495,000 after purchasing an additional 7,547 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of Talen Energy during the first quarter worth about $285,000. Thoroughbred Financial Services LLC acquired a new stake in shares of Talen Energy during the first quarter worth about $756,000. TCW Group Inc. acquired a new stake in shares of Talen Energy during the first quarter worth about $9,266,000. Finally, Principal Financial Group Inc. increased its position in shares of Talen Energy by 114.9% during the first quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock worth $717,000 after purchasing an additional 1,920 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TLN shares. Oppenheimer set a $315.00 target price on Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. UBS Group set a $431.00 target price on Talen Energy and gave the stock a "buy" rating in a research report on Friday, July 25th. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Evercore ISI lifted their target price on Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 9th. Finally, Melius Research upped their price objective on Talen Energy from $427.00 to $576.00 and gave the company a "buy" rating in a research note on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $354.29.

Talen Energy Stock Performance

Talen Energy stock traded up $1.61 during mid-day trading on Friday, reaching $402.53. 435,205 shares of the company were exchanged, compared to its average volume of 1,161,560. Talen Energy Corporation has a twelve month low of $148.02 and a twelve month high of $410.00. The firm's 50-day simple moving average is $353.19 and its two-hundred day simple moving average is $272.30. 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 firm has a market cap of $18.39 billion, a PE ratio of 114.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data 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 17.81% and a net margin of 8.75%.The company had revenue of $630.00 million during the quarter, compared to analysts' expectations of $481.48 million. Equities analysts predict that Talen Energy Corporation will post 15.94 earnings per share 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.