Scientech Research LLC Decreases Stake in Talen Energy Corporation $TLN

Scientech Research LLC lowered its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 42.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Wedbush Securities Inc. lifted its holdings 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 worth $263,000 after buying an additional 55 shares in the last quarter. IFP Advisors Inc raised its stake in Talen Energy by 42.4% during the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in Talen Energy by 2.7% during 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 last quarter. Signaturefd LLC increased its position in Talen Energy by 310.0% during 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 last quarter. Finally, LRI Investments LLC increased its position in Talen Energy by 179.0% during 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 last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

TLN has been the topic of a number of analyst reports. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Melius Research upped their price target on shares of Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a report on Wednesday. Jefferies Financial Group upped their price target 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. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, August 11th. Finally, UBS Group set a $431.00 target price on shares of Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $354.29.

Talen Energy Stock Up 0.4%

Shares of TLN stock traded up $1.61 during mid-day trading on Friday, hitting $402.53. 435,205 shares of the stock traded hands, compared to its average volume of 1,161,560. The stock has a market cap 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. The stock's fifty day moving average is $353.19 and its two-hundred day moving average is $272.30. 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 current ratio of 1.84 and a quick ratio of 1.34.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of ($1.13) by $2.63. The business had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. Equities analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

Insider Activity at Talen Energy

In related 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 value of $52,695,120.00. Following the completion of the transaction, the insider directly owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 388,530 shares of company stock valued at $114,090,933. Company insiders own 0.18% of the company's stock.

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.