Reaves W H & Co. Inc. Has $242.20 Million Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Key Points

• Reaves W H & Co. Inc. has lowered its stake in Talen Energy by 4.5%, making it the firm's largest position, now representing about 6.2% of their portfolio.
• Institutional investors own only 0.38% of Talen Energy's stock, despite several funds increasing their holdings during the first quarter.
• Analysts have mixed ratings on Talen Energy, with one sell rating and fourteen buy ratings, leading to an average rating of "Moderate Buy" and a consensus target price of $292.58.

Reaves W H & Co. Inc. trimmed its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,213,007 shares of the utilities provider's stock after selling 57,766 shares during the quarter. Talen Energy accounts for 6.2% of Reaves W H & Co. Inc.'s holdings, making the stock its biggest holding. Reaves W H & Co. Inc. owned 2.67% of Talen Energy worth $242,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new stake in shares of Talen Energy during the 4th quarter worth $201,000. LPL Financial LLC grew its holdings in shares of Talen Energy by 234.9% during the 4th quarter. LPL Financial LLC now owns 23,490 shares of the utilities provider's stock worth $4,733,000 after purchasing an additional 16,476 shares in the last quarter. Norges Bank acquired a new stake in shares of Talen Energy during the 4th quarter worth $2,819,000. Wells Fargo & Company MN grew its holdings in shares of Talen Energy by 500.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,925 shares of the utilities provider's stock worth $589,000 after purchasing an additional 2,438 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of Talen Energy by 5.1% during the 4th quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider's stock worth $254,000 after purchasing an additional 61 shares in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TLN has been the topic of several research analyst reports. UBS Group set a $431.00 price objective on Talen Energy and gave the company a "buy" rating in a research note on Friday, July 25th. Wall Street Zen lowered Talen Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. Barclays raised their price objective on Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Oppenheimer set a $315.00 price objective on Talen Energy and gave the company an "outperform" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a sell rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $292.58.

Talen Energy Trading Down 1.5%

Talen Energy stock traded down $5.60 during trading hours on Wednesday, hitting $378.67. The stock had a trading volume of 1,207,055 shares, compared to its average volume of 1,443,300. 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 stock has a market cap of $17.23 billion, a price-to-earnings ratio of 39.32, a P/E/G ratio of 3.20 and a beta of 1.90. Talen Energy Corporation has a one year low of $113.41 and a one year high of $394.07. The business's 50 day simple moving average is $297.48 and its 200-day simple moving average is $244.67.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. On average, equities analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was 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 directly owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 388,530 shares of company stock worth $114,090,933 in the last ninety days. 0.18% of the stock is owned by company insiders.

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.