Russell Investments Group Ltd. Increases Stock Holdings in Talen Energy Corporation $TLN

Key Points

• Russell Investments Group Ltd. increased its stake in Talen Energy Corporation by 75.8%, now owning 17,502 shares valued at approximately $3.5 million as of its latest SEC filing.
• Insider Rubric Capital Management sold 178,000 shares of Talen Energy stock for about $52.7 million, reducing their ownership by 3.01%.
• Talen Energy reported $1.50 EPS for the last quarter, surpassing estimates significantly, with a revenue of $630 million against expectations of $481.48 million.

Russell Investments Group Ltd. boosted its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 75.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,502 shares of the utilities provider's stock after buying an additional 7,547 shares during the period. Russell Investments Group Ltd.'s holdings in Talen Energy were worth $3,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Crescent Grove Advisors LLC bought a new position in Talen Energy in the 1st quarter valued at approximately $285,000. Thoroughbred Financial Services LLC bought a new stake in Talen Energy in the 1st quarter valued at about $756,000. TCW Group Inc. bought a new stake in Talen Energy in the 1st quarter valued at about $9,266,000. Principal Financial Group Inc. grew its holdings in Talen Energy by 114.9% during the 1st quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock valued at $717,000 after buying an additional 1,920 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Talen Energy during the 1st quarter valued at about $703,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Trading Up 2.2%

TLN traded up $8.23 during trading hours on Thursday, reaching $389.73. 805,401 shares of the company's stock traded hands, compared to its average volume of 1,200,312. Talen Energy Corporation has a 52-week low of $137.50 and a 52-week high of $394.25. 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 firm has a 50-day moving average price of $329.72 and a 200 day moving average price of $259.28. The firm has a market capitalization of $17.81 billion, a PE ratio of 110.34, a PEG ratio of 2.60 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) 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 business had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. As a group, sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm'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 value 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 trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 388,530 shares of company stock valued at $114,090,933 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TLN has been the subject of a number of recent research reports. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Melius assumed coverage on Talen Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $427.00 target price for the company. Raymond James Financial began coverage on Talen Energy in a report on Friday, June 13th. They set an "outperform" rating and a $314.00 target price for the company. Oppenheimer set a $315.00 price target on Talen Energy and gave the stock an "outperform" rating in a research note on Friday, July 11th. Finally, UBS Group set a $431.00 target price on Talen Energy and gave the stock a "buy" rating in a research note on Friday, July 25th. Sixteen analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Talen Energy presently has a consensus rating of "Buy" and a consensus price target of $316.00.

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.