Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 33.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TLN. Golden State Wealth Management LLC purchased a new position in Talen Energy in the 1st quarter worth about $35,000. Jones Financial Companies Lllp purchased a new position in Talen Energy during the 4th quarter valued at about $37,000. State of Wyoming purchased a new position in Talen Energy during the 4th quarter valued at about $50,000. Tower Research Capital LLC TRC raised its stake in Talen Energy by 7,285.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 517 shares of the utilities provider's stock worth $104,000 after buying an additional 510 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new stake in Talen Energy during the fourth quarter worth $111,000. Institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on TLN. JPMorgan Chase & Co. lowered their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, June 30th. Raymond James Financial started coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price for the company. UBS Group lifted their target price on shares of Talen Energy from $296.00 to $366.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Oppenheimer lifted their target price on shares of Talen Energy from $250.00 to $315.00 and gave the stock an "outperform" rating in a research note on Friday. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.67.

Talen Energy Trading Up 3.2%

TLN stock traded up $8.55 during mid-day trading on Friday, hitting $276.17. 1,018,693 shares of the company were exchanged, compared to its average volume of 1,087,499. The business has a fifty day simple moving average of $262.04 and a 200-day simple moving average of $229.65. The firm has a market capitalization of $12.57 billion, a P/E ratio of 28.68, a PEG ratio of 6.62 and a beta of 1.85. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $301.70. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) 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 firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. On average, equities research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction that occurred on 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 transaction, the insider directly owned 5,734,970 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. In the last three months, insiders sold 388,530 shares of company stock worth $114,090,933. 0.18% of the stock is currently owned by 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.