Jones Financial Companies Lllp Acquires 223,254 Shares of Talen Energy Corporation $TLN

Key Points

• Jones Financial Companies Lllp increased its stake in Talen Energy Corporation by a remarkable 120,677.8% during Q1, owning approximately 0.49% of the company valued at $44.6 million.
• Several institutional investors, including Northern Trust Corp and Ameriprise Financial, have also raised their positions in Talen Energy, highlighting a growing interest in the company.
• Wall Street analysts have a consensus rating of "Buy" for Talen Energy, with price targets ranging from $326.00 to $431.00, suggesting strong future growth prospects.

Jones Financial Companies Lllp lifted its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 120,677.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,439 shares of the utilities provider's stock after purchasing an additional 223,254 shares during the period. Jones Financial Companies Lllp owned 0.49% of Talen Energy worth $44,614,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TLN. Third Point LLC bought a new stake in Talen Energy in the first quarter worth approximately $116,807,000. American Century Companies Inc. grew its position in shares of Talen Energy by 39.9% during the 1st quarter. American Century Companies Inc. now owns 399,604 shares of the utilities provider's stock worth $79,789,000 after buying an additional 113,995 shares during the period. PointState Capital LP bought a new stake in shares of Talen Energy in the 1st quarter valued at $75,148,000. Ameriprise Financial Inc. lifted its position in shares of Talen Energy by 6,621.1% during the 1st quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock valued at $60,638,000 after acquiring an additional 299,143 shares during the period. Finally, Philosophy Capital Management LLC lifted its position in shares of Talen Energy by 7.7% during the 1st quarter. Philosophy Capital Management LLC now owns 193,788 shares of the utilities provider's stock valued at $38,694,000 after acquiring an additional 13,788 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $296.04, for a total value of $52,695,120.00. Following the completion of the sale, the insider owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 388,530 shares of company stock valued at $114,090,933. Corporate insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

TLN has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Oppenheimer set a $315.00 target price on Talen Energy and gave the company an "outperform" rating in a research note on Friday, July 11th. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Barclays increased their price target on Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Melius began coverage on Talen Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price objective for the company. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $354.29.

Talen Energy Stock Up 0.5%

NASDAQ TLN traded up $1.90 during trading hours on Friday, hitting $402.82. The company's stock had a trading volume of 201,158 shares, compared to its average volume of 1,176,476. The company has a market capitalization of $18.40 billion, a PE ratio of 114.11, a price-to-earnings-growth ratio of 2.77 and a beta of 1.89. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. Talen Energy Corporation has a 52 week low of $148.02 and a 52 week high of $410.00. The company's 50-day simple moving average is $350.99 and its two-hundred day simple moving average is $270.61.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The firm had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. Research analysts anticipate 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.