Jones Financial Companies Lllp Grows Stock Holdings in 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 grew its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 120,677.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 223,439 shares of the utilities provider's stock after acquiring an additional 223,254 shares during the period. Jones Financial Companies Lllp owned about 0.49% of Talen Energy worth $44,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp raised its position in Talen Energy by 7.8% in the fourth quarter. Northern Trust Corp now owns 118,949 shares of the utilities provider's stock valued at $23,965,000 after purchasing an additional 8,626 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Talen Energy by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 4,518 shares of the utilities provider's stock worth $910,000 after buying an additional 261 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Talen Energy in the fourth quarter valued at about $490,000. Cresset Asset Management LLC purchased a new stake in shares of Talen Energy during the 4th quarter valued at about $312,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Talen Energy during the 4th quarter valued at about $422,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

TLN has been the subject of several recent research reports. Barclays increased their price objective on shares of Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Jefferies Financial Group upped their target price on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, August 11th. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Finally, UBS Group set a $431.00 price objective on shares of Talen Energy and gave the company a "buy" rating in a research report on Friday, July 25th. Fifteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $326.08.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm'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 sale, the insider owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 388,530 shares of company stock valued at $114,090,933. Company insiders own 0.18% of the company's stock.

Talen Energy Trading Up 2.3%

Shares of NASDAQ TLN opened at $389.19 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The stock's 50 day moving average price is $342.25 and its two-hundred day moving average price is $266.20. Talen Energy Corporation has a 52-week low of $137.55 and a 52-week high of $394.25. The stock has a market capitalization of $17.78 billion, a P/E ratio of 110.25, a PEG ratio of 2.68 and a beta of 1.89.

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

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