Formidable Asset Management LLC Raises Position in Talen Energy Corporation (NASDAQ:TLN)

Formidable Asset Management LLC grew its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 193.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,940 shares of the utilities provider's stock after acquiring an additional 1,939 shares during the period. Formidable Asset Management LLC's holdings in Talen Energy were worth $587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in 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 acquiring an additional 256,414 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in Talen Energy during the first quarter worth about $285,000. Sei Investments Co. raised its position in Talen Energy by 109.4% during the fourth quarter. Sei Investments Co. now owns 59,686 shares of the utilities provider's stock worth $12,024,000 after acquiring an additional 31,180 shares during the last quarter. Cinctive Capital Management LP raised its position in Talen Energy by 443.2% during the fourth quarter. Cinctive Capital Management LP now owns 32,871 shares of the utilities provider's stock worth $6,623,000 after acquiring an additional 26,820 shares during the last quarter. Finally, Situational Awareness LP acquired a new position in Talen Energy during the fourth quarter worth about $27,980,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is owned by company insiders.

Talen Energy Trading Up 24.5%

TLN opened at $328.63 on Friday. The stock has a market capitalization of $14.96 billion, a PE ratio of 34.13, a P/E/G ratio of 7.91 and a beta of 1.85. The firm's fifty day moving average price is $267.33 and its 200 day moving average price is $232.40. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $330.99.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TLN shares. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. cut their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Raymond James Financial started coverage on shares of Talen Energy in a research report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research report on Friday. Finally, UBS Group boosted their price objective on shares of Talen Energy from $366.00 to $399.00 and gave the company a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $289.92.

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.

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