Ancora Advisors LLC Has $678,000 Stock Position in Talen Energy Corporation $TLN

Key Points

• Ancora Advisors LLC reduced its stake in Talen Energy Corporation by 67.0% during the first quarter, now holding 3,397 shares worth approximately $678,000.
• Talen Energy reported an earnings per share (EPS) of $1.50 for the quarter, surpassing analysts' expectations of ($1.13) by $2.63, with revenues of $630 million.
• Institutional investors and hedge funds collectively own 0.38% of Talen Energy's stock, with significant stakes increased by various firms during the same quarter.

Ancora Advisors LLC decreased its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 67.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,397 shares of the utilities provider's stock after selling 6,900 shares during the period. Ancora Advisors LLC's holdings in Talen Energy were worth $678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Talen Energy by 310.0% in 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 period. Brooklyn Investment Group acquired a new position in Talen Energy in the 1st quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in Talen Energy in the 1st quarter worth $35,000. LRI Investments LLC boosted its stake in Talen Energy by 179.0% in 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 period. Finally, N.E.W. Advisory Services LLC acquired a new position in Talen Energy in the 1st quarter worth $35,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Up 2.3%

Shares of TLN stock opened at $389.19 on Friday. 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's 50-day moving average is $342.25 and its 200-day moving average is $266.08. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 110.25, a PEG ratio of 2.62 and a beta of 1.89. Talen Energy Corporation has a 52-week low of $137.55 and a 52-week high of $394.25.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its 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 company had revenue of $630.00 million for the quarter, compared to analysts' expectations of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. Sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an "outperform" rating in a research note on Friday, July 11th. Raymond James Financial began coverage on shares of Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 price target on the stock. Melius Research began coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price target on the stock. Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Morgan Stanley boosted their price target on shares of Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Fifteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $326.08.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's 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 sale, the insider directly owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This represents 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 quarter, insiders have sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is currently 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.

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