Brandywine Global Investment Management LLC Takes Position in Talen Energy Corporation $TLN

Key Points

• Brandywine Global Investment Management LLC has acquired 5,593 shares of Talen Energy Corporation, valued at approximately $1.1 million, indicating institutional interest in the company.
• Analysts have raised their price targets for Talen Energy, with Morgan Stanley and Barclays setting new targets at $330.00 and $418.00 respectively, reflecting a consensus of optimism regarding the company's future performance.
• Insider activity shows that major shareholder Rubric Capital Management sold 178,000 shares for over $52 million, which reflects a strategic reallocation of ownership despite still holding a significant position in the company.

Brandywine Global Investment Management LLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,593 shares of the utilities provider's stock, valued at approximately $1,117,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Crescent Grove Advisors LLC purchased a new stake in Talen Energy during the first quarter worth about $285,000. TCW Group Inc. purchased a new stake in shares of Talen Energy during the 1st quarter worth approximately $9,266,000. Thoroughbred Financial Services LLC bought a new stake in shares of Talen Energy in the 1st quarter worth approximately $756,000. Principal Financial Group Inc. lifted its stake in Talen Energy by 114.9% in the first quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock valued at $717,000 after purchasing an additional 1,920 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in Talen Energy during the first quarter valued at $703,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley boosted their target price on Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Barclays boosted their price objective on Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Susquehanna restated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $297.50.

Insider Activity

In other Talen Energy 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 388,530 shares of company stock worth $114,090,933.

Talen Energy Stock Down 0.2%

Shares of NASDAQ:TLN opened at $376.89 on Tuesday. The firm has a fifty day moving average price of $317.34 and a two-hundred day moving average price of $253.26. The company has a market cap of $17.22 billion, a price-to-earnings ratio of 106.77, a PEG ratio of 2.78 and a beta of 1.90. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. Talen Energy Corporation has a one year low of $131.31 and a one year high of $394.07.

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 (EPS) for the quarter, beating the consensus estimate of ($1.13) by $2.63. The company had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. Analysts anticipate that Talen Energy Corporation will post 15.94 EPS 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.

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