Rhumbline Advisers Lowers Stake in Talen Energy Corporation $TLN

Key Points

• Rhumbline Advisers has significantly reduced its stake in Talen Energy Corporation by 64.7%, now holding only 1,950 shares valued at approximately $389,000.
• Talen Energy recently reported $1.50 EPS for the quarter, surpassing analysts' expectations of -$1.13, with revenues of $630 million.
• Multiple equity analysts have upgraded their target prices for Talen Energy, with Melius Research increasing it to $576.00 and Barclays raising it to $440.00.

Rhumbline Advisers lowered its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 64.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,950 shares of the utilities provider's stock after selling 3,580 shares during the quarter. Rhumbline Advisers' holdings in Talen Energy were worth $389,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its holdings in Talen Energy by 4.4% during the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock valued at $263,000 after purchasing an additional 55 shares in the last quarter. IFP Advisors Inc lifted its holdings in Talen Energy by 42.4% during the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Talen Energy by 2.7% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after purchasing an additional 88 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after buying an additional 93 shares in the last quarter. Finally, 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. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Trading Down 1.5%

NASDAQ TLN opened at $416.94 on Thursday. The company's 50-day moving average price is $375.95 and its 200-day moving average price is $284.10. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The stock has a market cap of $19.05 billion, a PE ratio of 118.11, a PEG ratio of 2.23 and a beta of 1.89. Talen Energy Corporation has a 12 month low of $148.02 and a 12 month high of $430.71.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, topping analysts' consensus estimates of ($1.13) by $2.63. The firm had revenue of $630.00 million for the quarter, compared to analysts' expectations of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. Equities research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TLN shares. Melius Research boosted their target price on shares of Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Barclays boosted their target price on shares of Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Jefferies Financial Group boosted their price target on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Morgan Stanley boosted their price target on shares of Talen Energy from $330.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Finally, Scotiabank assumed coverage on shares of Talen Energy in a research report on Monday. They issued a "sector perform" rating and a $418.00 price target on the stock. Fifteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $358.53.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were 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 in the company, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.

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.

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