Kayne Anderson Capital Advisors LP Has $5.13 Million Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Kayne Anderson Capital Advisors LP raised its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 15.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,673 shares of the utilities provider's stock after buying an additional 3,470 shares during the quarter. Kayne Anderson Capital Advisors LP owned approximately 0.06% of Talen Energy worth $5,126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Talen Energy in the first quarter worth about $35,000. LRI Investments LLC boosted its position in shares of Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after buying an additional 111 shares during the period. IFP Advisors Inc boosted its position in shares of Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after buying an additional 56 shares during the period. Finally, State of Wyoming purchased a new position in Talen Energy in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of Talen Energy stock traded down $18.49 during trading on Monday, reaching $310.14. The company's stock had a trading volume of 1,563,685 shares, compared to its average volume of 1,111,612. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. The business's fifty day moving average price is $267.33 and its 200-day moving average price is $232.55. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 7.92 and a beta of 1.85. Talen Energy Corporation has a one year low of $98.50 and a one year high of $332.19.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly 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 net margin of 28.51% and a return on equity of 11.47%. The firm had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. As a group, equities research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Raymond James Financial initiated coverage on Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 price target on the stock. Barclays lifted their target price on Talen Energy from $269.00 to $359.00 and gave the stock an "overweight" rating in a report on Friday. UBS Group raised their target price on Talen Energy from $366.00 to $399.00 and gave the stock a "buy" rating in a research report on Friday. Jefferies Financial Group lifted their price objective on Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research report on Friday. Finally, Oppenheimer set a $315.00 price objective on Talen Energy and gave the company an "outperform" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $289.92.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the transaction, the insider directly owned 5,734,970 shares in the company, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 388,530 shares of company stock worth $114,090,933 in the last 90 days.

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.