Hussman Strategic Advisors Inc. bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,300 shares of the utilities provider's stock, valued at approximately $1,258,000.
Other institutional investors have also recently made changes to their positions in the company. Parcion Private Wealth LLC boosted its stake in Talen Energy by 49.1% during the 1st quarter. Parcion Private Wealth LLC now owns 1,901 shares of the utilities provider's stock worth $380,000 after purchasing an additional 626 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Talen Energy by 45.9% during the 1st quarter. Victory Capital Management Inc. now owns 14,098 shares of the utilities provider's stock valued at $2,815,000 after acquiring an additional 4,438 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Talen Energy by 5.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 17,161 shares of the utilities provider's stock valued at $3,426,000 after acquiring an additional 871 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Talen Energy by 1.1% during the 1st quarter. Whittier Trust Co. now owns 32,788 shares of the utilities provider's stock valued at $6,547,000 after acquiring an additional 368 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on TLN. 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 report on Friday. Raymond James Financial began coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective on the stock. Barclays boosted their price objective on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a report on Friday. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Friday. Finally, Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Talen Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $289.92.
Get Our Latest Stock Analysis on TLN
Talen Energy Price Performance
Shares of TLN stock traded up $64.63 during mid-day trading on Friday, reaching $328.63. The stock had a trading volume of 4,493,970 shares, compared to its average volume of 1,109,795. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $330.99. The company has a market cap of $14.96 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 7.91 and a beta of 1.85. The business has a 50-day simple moving average of $267.33 and a 200 day simple moving average of $232.40. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52.
Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The company had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. On average, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.
Insider Buying and Selling
In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 5,734,970 shares of the company's stock, valued at $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 available at the SEC website. Over the last quarter, insiders sold 388,530 shares of company stock worth $114,090,933. Insiders own 0.18% of the company's stock.
About Talen Energy
(
Free Report)
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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