Jacobs Levy Equity Management Inc. Sells 13,860 Shares of Talen Energy Corporation $TLN

Key Points

• Jacobs Levy Equity Management Inc. sold 13,860 shares of Talen Energy, reducing its position by 72.6% in the 1st quarter, leaving it with 5,226 shares valued at approximately $1,043,000.
• Talen Energy reported $1.50 earnings per share (EPS), significantly exceeding analysts' expectations of ($1.13), with revenues of $630 million compared to estimates of $481.48 million.
• Analysts have shown confidence in Talen Energy, with Morgan Stanley and Evercore ISI increasing their price targets, reflecting a positive outlook on the company's stock performance.

Jacobs Levy Equity Management Inc. decreased its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 72.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,226 shares of the utilities provider's stock after selling 13,860 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Talen Energy were worth $1,043,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Talen Energy by 39.9% during the 1st quarter. American Century Companies Inc. now owns 399,604 shares of the utilities provider's stock valued at $79,789,000 after acquiring an additional 113,995 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Talen Energy by 6,621.1% during the 1st quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock valued at $60,638,000 after acquiring an additional 299,143 shares in the last quarter. BW Gestao de Investimentos Ltda. boosted its holdings in shares of Talen Energy by 393.8% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 161,758 shares of the utilities provider's stock valued at $32,298,000 after acquiring an additional 129,002 shares in the last quarter. Nishkama Capital LLC acquired a new stake in shares of Talen Energy during the 1st quarter valued at $32,243,000. Finally, Situational Awareness LP boosted its holdings in shares of Talen Energy by 6.9% during the 1st quarter. Situational Awareness LP now owns 148,395 shares of the utilities provider's stock valued at $29,630,000 after acquiring an additional 9,517 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TLN shares. Melius Research raised their price objective on Talen Energy from $427.00 to $576.00 and gave the company a "buy" rating in a report on Wednesday. Raymond James Financial began coverage on Talen Energy in a report on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective on the stock. Oppenheimer set a $315.00 target price on Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Evercore ISI lifted their target price on Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, September 9th. Finally, Jefferies Financial Group lifted their target price on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $354.29.

Talen Energy Trading Up 0.4%

TLN traded up $1.61 during midday trading on Friday, hitting $402.53. 435,205 shares of the company were exchanged, compared to its average volume of 1,161,560. The firm has a market capitalization of $18.39 billion, a P/E ratio of 114.03, a P/E/G ratio of 1.92 and a beta of 1.89. Talen Energy Corporation has a 1-year low of $148.02 and a 1-year high of $410.00. The firm's 50 day moving average price is $353.19 and its 200-day moving average price is $272.30. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. The company had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. As a group, equities analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction dated 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 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 link. Over the last 90 days, insiders sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is owned by insiders.

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.