Talen Energy Corporation (NASDAQ:TLN) Shares Acquired by PFG Advisors

PFG Advisors raised its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 46.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,732 shares of the utilities provider's stock after acquiring an additional 865 shares during the quarter. PFG Advisors' holdings in Talen Energy were worth $545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 worth $964,302,000 after acquiring an additional 256,414 shares in the last quarter. Lone Pine Capital LLC raised its holdings in shares of Talen Energy by 27.2% during the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock valued at $219,477,000 after purchasing an additional 233,165 shares during the last quarter. Fred Alger Management LLC increased its position in Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after acquiring an additional 577,257 shares during the last quarter. Invesco Ltd. grew its position in Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after buying an additional 161,269 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new position in Talen Energy during the fourth quarter valued at $101,931,000. 0.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

TLN has been the topic of a number of analyst reports. Raymond James Financial began coverage on shares of Talen Energy in a research note on Friday, June 13th. They set an "outperform" rating and a $314.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Barclays raised their price objective on Talen Energy from $269.00 to $359.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Susquehanna reissued an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Finally, Morgan Stanley raised their price target on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. 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 data from MarketBeat, Talen Energy presently has a consensus rating of "Moderate Buy" and an average target price of $292.58.

Talen Energy Stock Up 2.2%

NASDAQ TLN traded up $7.46 during trading hours on Friday, hitting $346.62. 1,641,643 shares of the company were exchanged, compared to its average volume of 1,436,838. 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 $15.77 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 7.83 and a beta of 1.85. The company has a 50 day moving average of $274.03 and a two-hundred day moving average of $235.33. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $352.77.

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 analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. The firm had revenue of $390.00 million during the quarter, compared to analysts' expectations of $556.93 million. Equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Insiders Place Their Bets

In other Talen Energy 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 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. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 388,530 shares of company stock valued at $114,090,933 in the last 90 days. 0.18% of the stock is owned by company insiders.

Talen Energy 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.