TCW Group Inc. Invests $9.27 Million in Talen Energy Corporation (NASDAQ:TLN)

Key Points

• TCW Group Inc. acquired 46,407 shares of Talen Energy Corporation, amounting to approximately $9.26 million, and now owns 0.10% of the company.
• Talen Energy's stock has a market capitalization of $15.77 billion and reported earnings of $0.82 per share, missing analysts' expectations of $1.17.
• Analysts have a generally positive outlook on Talen Energy, with one setting a price target as high as $431.00, indicating an average rating of "Moderate Buy".

TCW Group Inc. acquired a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 46,407 shares of the utilities provider's stock, valued at approximately $9,266,000. TCW Group Inc. owned approximately 0.10% of Talen Energy as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in TLN. Lone Pine Capital LLC raised its position in Talen Energy by 27.2% in the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after purchasing an additional 233,165 shares during the period. Fred Alger Management LLC raised its position in Talen Energy by 152.9% in the 4th quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after purchasing an additional 577,257 shares during the period. Invesco Ltd. increased its position in shares of Talen Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after acquiring an additional 161,269 shares during the period. Carronade Capital Management LP increased its position in shares of Talen Energy by 12.0% in the fourth quarter. Carronade Capital Management LP now owns 447,886 shares of the utilities provider's stock valued at $90,236,000 after acquiring an additional 47,886 shares during the period. Finally, Clearbridge Investments LLC purchased a new position in shares of Talen Energy in the fourth quarter valued at about $88,065,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TLN. Jefferies Financial Group boosted their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Barclays boosted their price objective on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Morgan Stanley boosted their price objective on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. UBS Group set a $431.00 price objective on shares of Talen Energy and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Raymond James Financial began coverage on shares of Talen Energy in a research report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective on the stock. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $292.58.

Insider Buying and Selling

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's 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 transaction, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 388,530 shares of company stock worth $114,090,933 over the last 90 days. Insiders own 0.18% of the company's stock.

Talen Energy Stock Up 1.7%

NASDAQ:TLN traded up $6.29 during mid-day trading on Thursday, hitting $379.65. 479,909 shares of the company's stock were exchanged, compared to its average volume of 1,184,761. Talen Energy Corporation has a one year low of $98.50 and a one year high of $379.89. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The business has a fifty day moving average price of $280.83 and a 200 day moving average price of $238.36. The company has a market cap of $17.28 billion, a PE ratio of 39.49, a P/E/G ratio of 2.82 and a beta of 1.85.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. The business had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. Equities analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

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.