Diversify Advisory Services LLC Increases Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Diversify Advisory Services LLC lifted its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 52.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,947 shares of the utilities provider's stock after acquiring an additional 13,826 shares during the period. Diversify Advisory Services LLC owned 0.09% of Talen Energy worth $8,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Wedbush Securities Inc. raised its holdings in shares of Talen Energy by 5.1% during the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock valued at $254,000 after acquiring an additional 61 shares during the period. Signaturefd LLC increased its stake in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after purchasing an additional 93 shares during the last quarter. LRI Investments LLC grew its stake in Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after buying an additional 111 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Talen Energy in the 1st quarter worth $35,000. Finally, Arizona State Retirement System lifted its holdings in shares of Talen Energy by 1.7% during the 1st quarter. Arizona State Retirement System now owns 10,522 shares of the utilities provider's stock worth $2,101,000 after acquiring an additional 173 shares during the period. 0.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Oppenheimer set a $315.00 price target on shares of Talen Energy and gave the company an "outperform" rating in a report on Friday, July 11th. Morgan Stanley upped their price target on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Friday. Susquehanna restated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. UBS Group upped their price target on shares of Talen Energy from $366.00 to $399.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Talen Energy presently has a consensus rating of "Moderate Buy" and an average target price of $289.92.

Talen Energy Trading Up 24.5%

TLN stock traded up $64.63 on Friday, reaching $328.63. The company's stock had a trading volume of 4,493,970 shares, compared to its average volume of 1,106,557. The business has a fifty day simple moving average of $267.33 and a two-hundred day simple moving average of $232.19. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. The firm has a market cap of $14.96 billion, a PE ratio of 34.13, a PEG ratio of 6.35 and a beta of 1.85. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $330.76.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $556.93 million. As a group, research analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Insider Activity at Talen Energy

In related 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 transaction of $52,695,120.00. Following the sale, the insider directly owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 388,530 shares of company stock worth $114,090,933 over the last 90 days. 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.