Charles Schwab Investment Management Inc. Reduces Position in Talen Energy Corporation (NASDAQ:TLN)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,643 shares of the utilities provider's stock after selling 35,645 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.87% of Talen Energy worth $78,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Crescent Grove Advisors LLC purchased a new position in shares of Talen Energy during the 1st quarter worth $285,000. TCW Group Inc. purchased a new position in shares of Talen Energy during the 1st quarter worth $9,266,000. Thoroughbred Financial Services LLC purchased a new position in shares of Talen Energy during the 1st quarter worth $756,000. 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 valued at $717,000 after purchasing an additional 1,920 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Talen Energy during the 1st quarter valued at $703,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on TLN. 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 objective on the stock. UBS Group set a $431.00 price objective on shares of Talen Energy and gave the company a "buy" rating in a research report on Friday, July 25th. Barclays restated an "overweight" rating and set a $418.00 price objective (up from $353.00) on shares of Talen Energy in a research report on Wednesday. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Finally, Jefferies Financial Group raised their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 18th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $297.50.

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 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 in the company, 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 SEC, which is available at the SEC website. In the last 90 days, insiders have sold 388,530 shares of company stock valued at $114,090,933. Insiders own 0.18% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $380.25 on Thursday. The firm's fifty day moving average is $310.06 and its two-hundred day moving average is $249.23. Talen Energy Corporation has a 52-week low of $126.00 and a 52-week high of $394.07. 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 company has a market cap of $17.37 billion, a P/E ratio of 107.72, a P/E/G ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its earnings results 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 firm had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. As a group, analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

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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