1,491 Shares in Talen Energy Corporation $TLN Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Talen Energy Corporation, purchasing 1,491 shares valued at approximately $298,000.
• Talen Energy reported earnings of $1.50 per share for the last quarter, significantly beating analyst estimates of ($1.13) and achieving revenue of $630 million, above the expected $481.48 million.
• Analysts have raised their price targets for Talen Energy, with Jefferies Financial Group increasing their objective to $380 and Barclays setting it even higher at $418, indicating strong future potential.

Fox Run Management L.L.C. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,491 shares of the utilities provider's stock, valued at approximately $298,000.

A number of other institutional investors have also recently made changes to their positions in TLN. Signaturefd LLC boosted its holdings in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Talen Energy during the 1st quarter valued at about $35,000. LRI Investments LLC grew its holdings in shares of Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy in the first quarter worth approximately $35,000. Finally, IFP Advisors Inc increased its stake in Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

NASDAQ TLN traded down $1.75 during trading on Friday, hitting $356.11. 808,019 shares of the stock traded hands, compared to its average volume of 990,938. The firm has a 50-day simple moving average of $324.54 and a 200-day simple moving average of $256.50. Talen Energy Corporation has a 12-month low of $137.50 and a 12-month high of $394.07. The company has a market capitalization of $16.27 billion, a P/E ratio of 100.88, a price-to-earnings-growth ratio of 2.64 and a beta of 1.90. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.13) by $2.63. The firm had revenue of $630.00 million for the quarter, compared to analysts' expectations of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. As a group, analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on TLN shares. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Barclays raised their price objective on Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. UBS Group set a $431.00 price objective on Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Susquehanna restated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Finally, Jefferies Financial Group raised 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. Sixteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $316.00.

Insider Transactions at Talen Energy

In other Talen Energy 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 value of $52,695,120.00. Following the sale, the insider owned 5,734,970 shares in the company, 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 document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 388,530 shares of company stock worth $114,090,933. 0.18% of the stock is owned by insiders.

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.