Crescent Grove Advisors LLC Makes New $285,000 Investment in Talen Energy Corporation (NASDAQ:TLN)

Crescent Grove Advisors LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,426 shares of the utilities provider's stock, valued at approximately $285,000.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after purchasing an additional 256,414 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Talen Energy during the fourth quarter worth $239,984,000. Lone Pine Capital LLC lifted its holdings in shares of Talen Energy by 27.2% during the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after purchasing an additional 233,165 shares during the period. Fred Alger Management LLC lifted its holdings in shares of Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after purchasing an additional 577,257 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after purchasing an additional 161,269 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Trading Up 2.2%

TLN opened at $297.88 on Friday. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $300.00. 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 company has a market cap of $13.56 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 7.15 and a beta of 1.78. The company has a fifty day moving average price of $247.98 and a two-hundred day moving average price of $224.25.

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

Analysts Set New Price Targets

TLN has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. UBS Group boosted their target price on shares of Talen Energy from $296.00 to $366.00 and gave the company a "buy" rating in a report on Friday. Finally, Morgan Stanley initiated coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price on the stock. One analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Talen Energy currently has an average 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 102,217 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $291.98, for a total transaction of $29,845,319.66. Following the completion of the sale, the insider now directly owns 5,912,970 shares of the company's stock, valued at $1,726,468,980.60. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 388,530 shares of company stock valued at $114,090,933. Corporate insiders own 0.18% of the company's stock.

About Talen Energy

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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