Brown Advisory Inc. Has $71.09 Million Stake in Talen Energy Corporation (NASDAQ:TLN)

Brown Advisory Inc. cut its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 356,022 shares of the utilities provider's stock after selling 179,411 shares during the quarter. Brown Advisory Inc. owned 0.78% of Talen Energy worth $71,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Talen Energy by 5.7% during the 4th 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 during the last quarter. William Blair Investment Management LLC purchased a new position in Talen Energy in the 4th quarter worth about $239,984,000. Lone Pine Capital LLC raised its holdings in Talen Energy by 27.2% during the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after buying an additional 233,165 shares during the period. Fred Alger Management LLC lifted its stake in Talen Energy by 152.9% during 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. Finally, Invesco Ltd. increased its position in shares of Talen Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after acquiring an additional 161,269 shares in the last quarter. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 1.9%

Talen Energy stock traded down $5.31 during mid-day trading on Wednesday, hitting $272.15. 953,047 shares of the company's stock were exchanged, compared to its average volume of 1,087,667. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $301.70. The stock has a 50 day moving average of $259.00 and a two-hundred day moving average of $228.24. 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 stock has a market cap of $12.39 billion, a P/E ratio of 28.26, a P/E/G ratio of 6.84 and a beta of 1.85.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $556.93 million. As a group, analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented 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, June 30th. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Susquehanna reissued an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. UBS Group raised their price objective on Talen Energy from $296.00 to $366.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Raymond James Financial began coverage on Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $255.25.

Insider Transactions at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 388,530 shares of company stock valued at $114,090,933.

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.