Navellier & Associates Inc. Has $640,000 Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Key Points

• Navellier & Associates Inc. has reduced its stake in Talen Energy Corporation by 35%, now holding 3,207 shares valued at approximately $640,000.
• Major shareholder Rubric Capital Management sold 178,000 shares for over $52 million, reducing their position by 3.01% and leaving them with 5.73 million shares worth nearly $1.7 billion.
• Analysts have mixed views on Talen Energy, with JPMorgan lowering their target from $295 to $265 while Jefferies increased theirs from $326 to $380, indicating a consensus rating of "Moderate Buy".

Navellier & Associates Inc. trimmed its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 35.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,207 shares of the utilities provider's stock after selling 1,725 shares during the quarter. Navellier & Associates Inc.'s holdings in Talen Energy were worth $640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position 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 worth $964,302,000 after purchasing an additional 256,414 shares during the period. Crescent Grove Advisors LLC acquired a new stake in Talen Energy in the first quarter worth approximately $285,000. Sei Investments Co. lifted its position in Talen Energy by 109.4% in the fourth quarter. Sei Investments Co. now owns 59,686 shares of the utilities provider's stock worth $12,024,000 after purchasing an additional 31,180 shares during the period. Cinctive Capital Management LP lifted its position in Talen Energy by 443.2% in the fourth quarter. Cinctive Capital Management LP now owns 32,871 shares of the utilities provider's stock worth $6,623,000 after purchasing an additional 26,820 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Talen Energy by 114.9% in the first quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock worth $717,000 after purchasing an additional 1,920 shares during the period. 0.38% of the stock is owned by institutional investors.

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 sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 388,530 shares of company stock worth $114,090,933.

Talen Energy Stock Up 2.2%

NASDAQ:TLN traded up $7.46 during trading hours on Friday, hitting $346.62. 1,641,643 shares of the stock traded hands, compared to its average volume of 1,293,774. The firm has a 50 day moving average price of $276.06 and a 200 day moving average price of $236.39. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $352.77. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of 35.99 and a beta of 1.85.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its 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 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 analyst estimates of $556.93 million. Equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TLN. UBS Group upped their target price on Talen Energy from $399.00 to $431.00 and gave the stock a "buy" rating in a research report on Friday. Jefferies Financial Group upped their target price on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Morgan Stanley increased their price objective on Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research report 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 report on Friday, July 11th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Talen Energy currently has an average rating of "Moderate Buy" and a consensus target price of $292.58.

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.