Crescent Grove Advisors LLC Makes New 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) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,426 shares of the utilities provider's stock, valued at approximately $285,000.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Talen Energy by 5.7% during the 4th 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 last quarter. William Blair Investment Management LLC acquired a new position in Talen Energy in the fourth quarter valued at about $239,984,000. Lone Pine Capital LLC boosted its stake in 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 buying an additional 233,165 shares during the period. Fred Alger Management LLC increased its position 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 valued at $192,353,000 after acquiring an additional 577,257 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Talen Energy by 32.8% in the 4th quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after acquiring an additional 161,269 shares during the period. Hedge funds and other institutional investors own 0.38% of the company's stock.

Insider Buying and Selling

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 shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the completion of the sale, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 388,530 shares of company stock valued at $114,090,933 in the last 90 days.

Wall Street Analyst Weigh In

TLN has been the subject of a number of research analyst reports. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Morgan Stanley initiated coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Raymond James Financial assumed coverage on Talen Energy in a report on Friday, June 13th. They set an "outperform" rating and a $314.00 target price for the company. Finally, UBS Group lifted their target price on Talen Energy from $296.00 to $366.00 and gave the company a "buy" rating in a research report on Friday, June 27th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Talen Energy presently has an average rating of "Moderate Buy" and an average price target of $255.25.

Talen Energy Stock Down 1.3%

Shares of Talen Energy stock traded down $3.72 during trading on Wednesday, hitting $276.27. 819,420 shares of the stock were exchanged, compared to its average volume of 1,092,838. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The firm's 50-day moving average price is $251.62 and its 200 day moving average price is $225.32. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 6.98 and a beta of 1.85. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $301.70.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.35). The business 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 forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

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.