Janney Montgomery Scott LLC Acquires 1,951 Shares of Talen Energy Corporation (NASDAQ:TLN)

Janney Montgomery Scott LLC increased its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,810 shares of the utilities provider's stock after purchasing an additional 1,951 shares during the quarter. Janney Montgomery Scott LLC's holdings in Talen Energy were worth $2,957,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TLN. Vanguard Group Inc. boosted its holdings in shares of Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after purchasing an additional 256,414 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Talen Energy during the 4th quarter worth $239,984,000. Lone Pine Capital LLC boosted its stake in Talen Energy by 27.2% in the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock valued at $219,477,000 after buying an additional 233,165 shares in the last quarter. Fred Alger Management LLC boosted its stake in Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after buying an additional 577,257 shares in the last quarter. Finally, Invesco Ltd. grew its position in Talen Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after acquiring an additional 161,269 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 102,217 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $291.98, for a total value of $29,845,319.66. Following the sale, the insider now directly owns 5,912,970 shares of the company's stock, valued at approximately $1,726,468,980.60. This represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 388,530 shares of company stock worth $114,090,933 over the last ninety days. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays dropped their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Morgan Stanley began coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Raymond James Financial initiated coverage on shares of Talen Energy in a research note on Friday, June 13th. They set an "outperform" rating and a $314.00 target price on the stock. Finally, Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $255.25.

Talen Energy Trading Up 2.2%

Shares of NASDAQ:TLN traded up $6.50 during mid-day trading on Friday, reaching $297.88. 4,503,202 shares of the company's stock were exchanged, compared to its average volume of 1,094,351. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $300.00. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 7.15 and a beta of 1.78. The business's fifty day moving average price is $247.98 and its 200-day moving average price is $224.25.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. On average, research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

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.