Private Capital Advisors Inc. Buys New Stake in Talen Energy Corporation (NASDAQ:TLN)

Private Capital Advisors Inc. acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,441 shares of the utilities provider's stock, valued at approximately $288,000.

Several other institutional investors have also added to or reduced their stakes in TLN. LRI Investments LLC lifted its holdings 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 in the last quarter. CWM LLC raised its stake in Talen Energy by 74.8% in the first quarter. CWM LLC now owns 727 shares of the utilities provider's stock valued at $145,000 after purchasing an additional 311 shares in the last quarter. Stephens Inc. AR purchased a new stake in Talen Energy in the first quarter valued at approximately $202,000. FDx Advisors Inc. raised its stake in Talen Energy by 40.9% in the first quarter. FDx Advisors Inc. now owns 1,420 shares of the utilities provider's stock valued at $284,000 after purchasing an additional 412 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Talen Energy by 1.7% in the first quarter. Arizona State Retirement System now owns 10,522 shares of the utilities provider's stock valued at $2,101,000 after purchasing an additional 173 shares in the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Down 1.3%

Talen Energy stock traded down $3.37 on Wednesday, hitting $264.78. 1,512,323 shares of the stock traded hands, compared to its average volume of 1,092,159. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. The firm has a market cap of $12.05 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 6.79 and a beta of 1.85. The business's fifty day simple moving average is $263.90 and its 200 day simple moving average is $230.65. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year 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 analysts' consensus estimates of $1.17 by ($0.35). The business had revenue of $390.00 million during the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. As a group, sell-side analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 388,530 shares of company stock worth $114,090,933.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TLN. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. 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. UBS Group increased their price target on shares of Talen Energy from $296.00 to $366.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Talen Energy currently has a consensus rating of "Moderate Buy" and an average target price of $260.67.

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.