Kestra Investment Management LLC Makes New Investment in Talen Energy Corporation $TLN

Key Points

• Kestra Investment Management LLC has acquired 1,620 shares of Talen Energy Corporation, valued at approximately $323,000, in the first quarter of the year.
• Several institutional investors have significantly increased their stakes in Talen Energy, with American Century Companies Inc. and Jones Financial Companies Lllp raising their positions by 39.9% and 120,677.8%, respectively.
• Wall Street analysts have a consensus "Buy" rating for Talen Energy, with a price target averaging around $326.08, following recent positive earnings reports that exceeded expectations.

Kestra Investment Management LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,620 shares of the utilities provider's stock, valued at approximately $323,000.

Several other institutional investors and hedge funds have also bought and sold shares of TLN. Signaturefd LLC boosted 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 in the last quarter. Brooklyn Investment Group bought a new position in Talen Energy during the first quarter worth $25,000. Golden State Wealth Management LLC bought a new position in Talen Energy during the first quarter worth $35,000. LRI Investments LLC raised its holdings in Talen Energy by 179.0% during 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 last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Talen Energy during the first quarter worth $35,000. 0.38% of the stock is owned by institutional investors.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction dated 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 sale, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 388,530 shares of company stock worth $114,090,933 in the last three months. Company insiders own 0.18% of the company's stock.

Talen Energy Stock Up 0.4%

Shares of TLN stock traded up $1.61 on Friday, hitting $402.53. The stock had a trading volume of 435,205 shares, compared to its average volume of 1,177,874. The business has a 50 day moving average of $350.99 and a 200 day moving average of $270.61. The stock has a market cap of $18.39 billion, a price-to-earnings ratio of 114.03, a price-to-earnings-growth ratio of 2.77 and a beta of 1.89. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. Talen Energy Corporation has a 12-month low of $148.02 and a 12-month high of $410.00.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $481.48 million. As a group, analysts expect that Talen Energy Corporation will post 15.94 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Melius Research upped their price objective on shares of Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a report on Wednesday. Susquehanna restated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Morgan Stanley upped their price objective on shares of Talen Energy from $330.00 to $430.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group set a $431.00 price objective on shares of Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Barclays upped their price objective on shares of Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday. Fifteen investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $354.29.

About Talen Energy

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.