Scientech Research LLC Sells 2,967 Shares of Talen Energy Corporation $TLN

Scientech Research LLC decreased its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 42.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,050 shares of the utilities provider's stock after selling 2,967 shares during the quarter. Scientech Research LLC's holdings in Talen Energy were worth $809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 93 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Talen Energy in the 1st quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Talen Energy in the 1st quarter valued at about $35,000. LRI Investments LLC raised its stake in shares of Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Talen Energy in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction dated 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 completion of the transaction, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 388,530 shares of company stock worth $114,090,933 in the last three months. Company insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

TLN has been the topic of several recent research reports. UBS Group set a $431.00 price target on Talen Energy and gave the company a "buy" rating in a research note on Friday, July 25th. Evercore ISI raised their price objective on Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday. Morgan Stanley raised their price objective on Talen Energy from $330.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday. Susquehanna restated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Finally, Oppenheimer set a $315.00 price objective on Talen Energy and gave the company an "outperform" rating in a report on Friday, July 11th. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $352.71.

Talen Energy Stock Performance

Talen Energy stock traded up $13.22 during midday trading on Wednesday, reaching $402.65. 1,052,224 shares of the company's stock were exchanged, compared to its average volume of 1,144,826. Talen Energy Corporation has a 52 week low of $148.02 and a 52 week high of $410.00. 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 cap of $18.40 billion, a price-to-earnings ratio of 114.07, a P/E/G ratio of 2.68 and a beta of 1.89. The stock's 50-day simple moving average is $348.82 and its 200 day simple moving average is $269.33.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 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 during the quarter, compared to analysts' expectations of $481.48 million. On average, analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

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.