Colonial River Investments LLC Invests $775,000 in Talen Energy Corporation (NASDAQ:TLN)

Colonial River Investments LLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,879 shares of the utilities provider's stock, valued at approximately $775,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TLN. Golden State Wealth Management LLC bought a new position in Talen Energy in the 1st quarter valued at about $35,000. Jones Financial Companies Lllp bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $37,000. State of Wyoming bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $50,000. Whipplewood Advisors LLC bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $53,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Talen Energy by 7,285.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 517 shares of the utilities provider's stock valued at $104,000 after acquiring an additional 510 shares in the last quarter. 0.38% of the stock is owned by institutional investors.

Talen Energy Trading Up 2.2%

Shares of NASDAQ TLN opened at $297.88 on Friday. Talen Energy Corporation has a one year low of $98.50 and a one year high of $300.00. The firm has a market capitalization of $13.56 billion, a PE ratio of 30.93, a PEG ratio of 6.99 and a beta of 1.78. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. The business has a 50-day moving average price of $247.98 and a two-hundred day moving average price of $224.16.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). The company had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. As a group, analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TLN has been the subject of several research reports. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research note on Wednesday, March 5th. Raymond James Financial assumed 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 for the company. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Morgan Stanley assumed coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $255.25.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 108,313 shares of Talen Energy stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $291.29, for a total transaction of $31,550,493.77. Following the completion of the sale, the insider now directly owns 6,015,187 shares in the company, valued at $1,752,163,821.23. The trade was a 1.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 388,530 shares of company stock valued at $114,090,933 in the last quarter. Company insiders own 0.18% of the company's stock.

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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