LPL Financial LLC Purchases 13,078 Shares of Talen Energy Corporation (NASDAQ:TLN)

LPL Financial LLC grew its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 55.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,568 shares of the utilities provider's stock after acquiring an additional 13,078 shares during the period. LPL Financial LLC owned about 0.08% of Talen Energy worth $7,302,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RWC Asset Management LLP bought a new position in Talen Energy in the 1st quarter worth approximately $9,845,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Talen Energy by 3.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,335 shares of the utilities provider's stock worth $1,864,000 after buying an additional 291 shares during the period. Knights of Columbus Asset Advisors LLC boosted its holdings in Talen Energy by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock worth $678,000 after buying an additional 88 shares during the period. Zweig DiMenna Associates LLC bought a new position in Talen Energy in the 1st quarter worth approximately $2,296,000. Finally, Cetera Investment Advisers boosted its holdings in Talen Energy by 39.2% in the 1st quarter. Cetera Investment Advisers now owns 3,384 shares of the utilities provider's stock worth $676,000 after buying an additional 953 shares during the period. 0.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy 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 sale, the insider owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. The trade was 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 have sold 388,530 shares of company stock worth $114,090,933. Insiders own 0.18% of the company's stock.

Talen Energy Trading Down 1.6%

Shares of TLN stock traded down $6.26 during mid-day trading on Friday, reaching $374.34. The stock had a trading volume of 95,275 shares, compared to its average volume of 1,169,990. The stock's 50-day moving average price is $312.56 and its two-hundred day moving average price is $250.53. Talen Energy Corporation has a 52-week low of $131.31 and a 52-week high of $394.07. The firm has a market capitalization of $17.10 billion, a PE ratio of 106.09, a price-to-earnings-growth ratio of 2.79 and a beta of 1.90. 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 (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $630.00 million for the quarter, compared to analysts' expectations of $481.48 million. Equities analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on TLN shares. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group increased their target price on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Raymond James Financial started coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an "outperform" rating in a research note on Friday, July 11th. Finally, Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $297.50.

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.