Talen Energy Corporation (NASDAQ:TLN) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 44.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,620 shares of the utilities provider's stock after acquiring an additional 8,814 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Talen Energy worth $5,715,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TLN. Riggs Asset Managment Co. Inc. boosted its position in shares of Talen Energy by 7.5% during the first quarter. Riggs Asset Managment Co. Inc. now owns 9,793 shares of the utilities provider's stock valued at $1,955,000 after buying an additional 682 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Talen Energy by 37.4% during the first quarter. Bank of New York Mellon Corp now owns 133,533 shares of the utilities provider's stock valued at $26,663,000 after buying an additional 36,325 shares during the period. Principal Financial Group Inc. boosted its position in shares of Talen Energy by 114.9% during the first quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock valued at $717,000 after buying an additional 1,920 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Talen Energy by 176.2% during the first quarter. Teacher Retirement System of Texas now owns 5,606 shares of the utilities provider's stock valued at $1,119,000 after buying an additional 3,576 shares during the period. Finally, Cannon Global Investment Management LLC boosted its position in shares of Talen Energy by 29.0% during the first quarter. Cannon Global Investment Management LLC now owns 4,000 shares of the utilities provider's stock valued at $799,000 after buying an additional 900 shares during the period. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Up 2.2%

Shares of TLN traded up $7.46 during midday trading on Friday, hitting $346.62. 1,641,643 shares of the company's stock traded hands, compared to its average volume of 1,436,838. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $352.77. The firm's fifty day moving average is $276.06 and its 200-day moving average is $236.39. 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 stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 8.00 and a beta of 1.85.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 EPS 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 business had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. As a group, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Insider Activity at Talen Energy

In other 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 completion of the sale, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 388,530 shares of company stock worth $114,090,933. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

TLN has been the subject of several recent analyst reports. UBS Group boosted their target price on Talen Energy from $399.00 to $431.00 and gave the company a "buy" rating in a research report on Friday. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Morgan Stanley boosted their price target on Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Jefferies Financial Group boosted their price target on Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Raymond James Financial initiated coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective for the company. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.58.

Talen Energy Company 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.