Talen Energy Corporation (NASDAQ:TLN) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 36.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,379 shares of the utilities provider's stock after selling 1,393 shares during the period. OneDigital Investment Advisors LLC's holdings in Talen Energy were worth $475,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after purchasing an additional 256,414 shares during the period. Crescent Grove Advisors LLC acquired a new stake in Talen Energy in the 1st quarter worth about $285,000. Sei Investments Co. increased its stake in Talen Energy by 109.4% during the 4th quarter. Sei Investments Co. now owns 59,686 shares of the utilities provider's stock worth $12,024,000 after buying an additional 31,180 shares in the last quarter. Petra Financial Advisors Inc. acquired a new position in shares of Talen Energy during the fourth quarter valued at approximately $565,000. Finally, Cinctive Capital Management LP lifted its position in shares of Talen Energy by 443.2% in the fourth quarter. Cinctive Capital Management LP now owns 32,871 shares of the utilities provider's stock valued at $6,623,000 after acquiring an additional 26,820 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction on 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 transaction, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is currently owned by company insiders.

Talen Energy Stock Up 3.2%

NASDAQ TLN traded up $8.55 during trading hours on Friday, hitting $276.17. 1,018,693 shares of the company were exchanged, compared to its average volume of 1,086,039. The company has a 50 day moving average of $261.03 and a two-hundred day moving average of $229.02. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 6.53 and a beta of 1.85. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $301.70.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share 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 during the quarter, compared to analyst estimates of $556.93 million. Equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on TLN. Oppenheimer boosted their price target on Talen Energy from $250.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. dropped their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. 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 objective for the company. UBS Group boosted their target price on Talen Energy from $296.00 to $366.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $260.67.

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.