Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Informed Momentum Co LLC

Key Points

• Informed Momentum Co LLC reduced its stake in Talen Energy by 55.7%, selling 14,545 shares and now holds 11,561 shares worth approximately $2.3 million.
• Multiple hedge funds adjusted their positions, with IFP Advisors Inc increasing holdings by 42.4% and Signaturefd LLC increasing by 310% in the first quarter.
• Analysts have given Talen Energy a consensus rating of "Moderate Buy" with an average price target of $292.58, and the firm reported earnings significantly above consensus estimates in its latest quarter.

Informed Momentum Co LLC lowered its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 55.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,561 shares of the utilities provider's stock after selling 14,545 shares during the period. Informed Momentum Co LLC's holdings in Talen Energy were worth $2,308,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Signaturefd LLC raised 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 worth $25,000 after purchasing an additional 93 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Talen Energy during the 1st quarter worth about $35,000. LRI Investments LLC raised its position in shares of Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Talen Energy during the 1st quarter worth about $35,000. Finally, IFP Advisors Inc raised its position in shares of Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.

Insider Buying and Selling

In related 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 shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the completion of the transaction, the insider owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 388,530 shares of company stock worth $114,090,933 over the last ninety days. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays restated an "overweight" rating and set a $418.00 price target (up previously from $353.00) on shares of Talen Energy in a research report on Wednesday. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday. UBS Group set a $431.00 price objective on shares of Talen Energy and gave the company a "buy" rating in a report on Friday, July 25th. Morgan Stanley increased their price objective on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Jefferies Financial Group increased their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $297.50.

Talen Energy Price Performance

TLN stock traded up $0.35 during trading on Thursday, reaching $380.60. 495,904 shares of the company were exchanged, compared to its average volume of 1,389,227. Talen Energy Corporation has a 52-week low of $130.91 and a 52-week high of $394.07. The company has a market cap of $17.39 billion, a P/E ratio of 107.82, a PEG ratio of 2.79 and a beta of 1.90. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. The stock's 50 day moving average price is $312.56 and its 200 day moving average price is $250.53.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data 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. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The business had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. As a group, analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

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.