2,355 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has acquired 2,355 shares of Talen Energy Corporation, valued at approximately $470,000, marking a new stake for the firm in the utilities sector.
• Several other hedge funds, including LPL Financial LLC and Wells Fargo & Company MN, have significantly increased their holdings in Talen Energy during the fourth quarter, indicating growing institutional interest.
• Wall Street analysts are optimistic about Talen Energy's future, with a consensus rating of "Moderate Buy" and price targets ranging up to $431.00, reflecting strong growth potential.

Allianz Asset Management GmbH purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,355 shares of the utilities provider's stock, valued at approximately $470,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC grew its position in Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after purchasing an additional 93 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Talen Energy during the 1st quarter worth $35,000. LRI Investments LLC grew its position in 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 during the last quarter. IFP Advisors Inc grew its position in Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after purchasing an additional 56 shares during the last quarter. Finally, State of Wyoming purchased a new position in Talen Energy during the 4th quarter worth $50,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Price Performance

Shares of TLN traded up $12.67 during mid-day trading on Monday, reaching $390.68. 1,240,839 shares of the company's stock were exchanged, compared to its average volume of 1,190,635. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52. Talen Energy Corporation has a 52-week low of $102.71 and a 52-week high of $394.07. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 3.15 and a beta of 1.90. The company has a 50-day simple moving average of $289.07 and a two-hundred day simple moving average of $241.67.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. On average, sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the company an "outperform" rating in a report on Friday, July 11th. Raymond James Financial assumed coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Barclays lifted their target price on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, UBS Group set a $431.00 target price on shares of Talen Energy and gave the company a "buy" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $292.58.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's 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 transaction, the insider owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 388,530 shares of company stock valued at $114,090,933 over the last ninety days. Insiders own 0.18% of the company's stock.

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.