ACR Alpine Capital Research LLC Sells 955 Shares of Talen Energy Corporation (NASDAQ:TLN)

ACR Alpine Capital Research LLC lowered its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,076 shares of the utilities provider's stock after selling 955 shares during the period. Talen Energy makes up approximately 0.0% of ACR Alpine Capital Research LLC's holdings, making the stock its 28th largest holding. ACR Alpine Capital Research LLC's holdings in Talen Energy were worth $2,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fred Alger Management LLC boosted its holdings in shares of Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after purchasing an additional 577,257 shares during the period. Pictet Asset Management Holding SA purchased a new stake in Talen Energy in the fourth quarter worth $101,931,000. Clearbridge Investments LLC purchased a new stake in Talen Energy in the fourth quarter worth $88,065,000. 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 valued at $964,302,000 after acquiring an additional 256,414 shares in the last quarter. Finally, Encompass Capital Advisors LLC purchased a new position in Talen Energy during the 4th quarter valued at $48,333,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 0.0%

TLN stock traded down $0.08 during trading on Thursday, hitting $339.16. 1,158,546 shares of the stock traded hands, compared to its average volume of 1,418,229. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 7.83 and a beta of 1.85. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $350.52. The firm's 50 day moving average is $272.14 and its two-hundred day moving average is $234.49.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $556.93 million. On average, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the 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 transaction, the insider owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TLN shares. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Friday, July 18th. JPMorgan Chase & Co. decreased 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 shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective for the company. Morgan Stanley upped their target price on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Oppenheimer set a $315.00 target price on Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $289.92.

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.