Boston Partners Sells 49,089 Shares of Talen Energy Corporation $TLN

Key Points

• Boston Partners reduced its holdings in Talen Energy Corporation by 73.8% in Q1, owning 17,384 shares valued at approximately $3.47 million after selling 49,089 shares.
• Talen Energy reported a EPS of $1.50 for the latest quarter, significantly beating the consensus estimate and generating $630 million in revenue compared to expectations of $481.48 million.
• Analysts have positive outlooks, with 14 analysts rating Talen Energy as a "buy" and upgraded price targets, including UBS Group's target of $431.00.

Boston Partners reduced its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 73.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,384 shares of the utilities provider's stock after selling 49,089 shares during the quarter. Boston Partners' holdings in Talen Energy were worth $3,471,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Fred Alger Management LLC grew its stake in shares of Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after buying an additional 577,257 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Talen Energy in the fourth quarter valued at $48,333,000. Lone Pine Capital LLC grew its stake in shares of Talen Energy by 27.2% in 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 buying an additional 233,165 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Talen Energy by 1,210.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 131,082 shares of the utilities provider's stock valued at $27,192,000 after buying an additional 121,082 shares in the last quarter. Finally, Castle Hook Partners LP bought a new position in shares of Talen Energy in the fourth quarter valued at $24,201,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

Shares of TLN traded down $8.06 during midday trading on Wednesday, reaching $360.10. 964,115 shares of the stock were exchanged, compared to its average volume of 1,169,019. Talen Energy Corporation has a twelve month low of $136.56 and a twelve month high of $394.07. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The company has a market cap of $16.45 billion, a P/E ratio of 102.01, a PEG ratio of 2.77 and a beta of 1.90. The stock's 50 day simple moving average is $319.60 and its 200 day simple moving average is $254.06.

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

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction 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 owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade 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 accessible through this link. Insiders sold a total of 388,530 shares of company stock worth $114,090,933 over the last three months.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TLN shares. Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a research note on Monday, August 11th. Melius assumed coverage on shares of Talen Energy in a research note on Wednesday. They issued a "buy" rating and a $427.00 target price for the company. Jefferies Financial Group raised their price target on Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 18th. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Finally, Melius Research assumed coverage on Talen Energy in a report on Wednesday. They set a "buy" rating and a $427.00 price target for the company. Sixteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $316.00.

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.