BW Gestao de Investimentos Ltda. Acquires 129,002 Shares of Talen Energy Corporation $TLN

Key Points

• BW Gestao de Investimentos Ltda. increased its stake in Talen Energy Corporation by 393.8% during the 1st quarter, now holding 161,758 shares, making it the investor's 10th largest holding.
• Several institutional investors, including Russell Investments Group Ltd. and Principal Financial Group Inc., also significantly raised their positions in Talen Energy during the same period.
• Analysts have a favorable outlook on Talen Energy, with an average rating of "Buy" and a range of target prices suggesting potential growth in the stock.

BW Gestao de Investimentos Ltda. lifted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 393.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,758 shares of the utilities provider's stock after acquiring an additional 129,002 shares during the period. Talen Energy accounts for approximately 1.0% of BW Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 10th biggest holding. BW Gestao de Investimentos Ltda. owned approximately 0.36% of Talen Energy worth $32,298,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. 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. Barclays lifted their price target on Talen Energy from $353.00 to $418.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Melius Research began coverage on Talen Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price target on the stock. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Finally, Wall Street Zen raised Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Sixteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Talen Energy has an average rating of "Buy" and an average price target of $316.00.

Talen Energy Trading Down 1.0%

NASDAQ:TLN opened at $375.15 on Wednesday. The firm has a market cap of $17.14 billion, a P/E ratio of 106.28, a PEG ratio of 2.61 and a beta of 1.89. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The stock's 50 day simple moving average is $336.84 and its 200-day simple moving average is $263.37. Talen Energy Corporation has a 12-month low of $137.50 and a 12-month high of $394.25.

Talen Energy (NASDAQ:TLN - Get Free Report) last released 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 business had revenue of $630.00 million for 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%. Equities analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Insider Activity

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 stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 388,530 shares of company stock valued at $114,090,933 over the last quarter.

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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