Northern Trust Corp Has $20.80 Million Holdings in Talen Energy Corporation $TLN

Northern Trust Corp lessened its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,158 shares of the utilities provider's stock after selling 14,791 shares during the quarter. Northern Trust Corp owned 0.23% of Talen Energy worth $20,797,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wedbush Securities Inc. boosted its position in shares of Talen Energy by 4.4% in the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock valued at $263,000 after acquiring an additional 55 shares during the period. IFP Advisors Inc boosted its position in shares of Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 56 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in shares of Talen Energy by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after acquiring an additional 88 shares during the period. Signaturefd LLC boosted its position in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 93 shares during the period. Finally, LRI Investments LLC boosted its position in shares of Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 111 shares during the period. Institutional investors own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TLN shares. Melius Research started coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price objective for the company. Melius initiated coverage on shares of Talen Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price target for the company. Morgan Stanley upped their price target on shares of Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Jefferies Financial Group increased their target price on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Raymond James Financial assumed coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price for the company. Sixteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $316.00.

Talen Energy Trading Up 0.7%

Shares of Talen Energy stock traded up $2.68 on Thursday, hitting $380.44. The stock had a trading volume of 523,852 shares, compared to its average volume of 1,191,718. The stock has a 50 day moving average of $338.64 and a 200 day moving average of $264.16. Talen Energy Corporation has a twelve month low of $137.55 and a twelve month high of $394.25. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. The firm has a market capitalization of $17.38 billion, a P/E ratio of 107.77, a PEG ratio of 2.61 and a beta of 1.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.13) by $2.63. The company had revenue of $630.00 million during 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%. Sell-side analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction that occurred 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 sale, the insider owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 388,530 shares of company stock worth $114,090,933. Corporate insiders own 0.18% of the company's stock.

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.