Cetera Investment Advisers Acquires 953 Shares of Talen Energy Corporation $TLN

Key Points

• Cetera Investment Advisers increased its stake in Talen Energy by 39.2%, owning 3,384 shares worth $676,000 after purchasing 953 additional shares.
• Several other large institutional investors, including Lone Pine Capital and Fred Alger Management, have also significantly raised their holdings in Talen Energy, reflecting strong interest in the stock.
• Talen Energy recently reported an earnings per share (EPS) of $1.50, significantly beating analysts' expectations and posting revenues of $630 million for the quarter.

Cetera Investment Advisers increased its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 39.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,384 shares of the utilities provider's stock after purchasing an additional 953 shares during the quarter. Cetera Investment Advisers' holdings in Talen Energy were worth $676,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TLN. Signaturefd LLC raised its holdings in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 93 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Talen Energy in the first quarter worth $35,000. LRI Investments LLC raised its position in Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 111 shares in the last quarter. IFP Advisors Inc lifted its position in Talen Energy by 42.4% in the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after buying an additional 56 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Talen Energy in the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 3.6%

Talen Energy stock traded down $13.57 on Tuesday, hitting $363.32. 194,010 shares of the stock traded hands, compared to its average volume of 1,165,601. Talen Energy Corporation has a 1 year low of $133.02 and a 1 year high of $394.07. The firm has a market cap of $16.60 billion, a P/E ratio of 103.16, a price-to-earnings-growth ratio of 2.78 and a beta of 1.90. 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 business's fifty day simple moving average is $317.34 and its 200 day simple moving average is $253.26.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced 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 net margin of 8.75% and a return on equity of 17.81%. The business had revenue of $630.00 million for the quarter, compared to analysts' expectations of $481.48 million. As a group, sell-side analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented 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. UBS Group set a $431.00 price objective on Talen Energy and gave the company a "buy" rating in a research report on Friday, July 25th. Raymond James Financial assumed coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Morgan Stanley raised their price target on shares of Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Barclays upped their price objective on shares of Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $297.50.

Insider Transactions at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 388,530 shares of company stock worth $114,090,933 in the last three months.

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.