Teacher Retirement System of Texas Buys 3,576 Shares of Talen Energy Corporation (NASDAQ:TLN)

Teacher Retirement System of Texas raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 176.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,606 shares of the utilities provider's stock after acquiring an additional 3,576 shares during the quarter. Teacher Retirement System of Texas' holdings in Talen Energy were worth $1,119,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after buying an additional 256,414 shares during the last quarter. Crescent Grove Advisors LLC bought a new position in shares of Talen Energy in the first quarter valued at about $285,000. Sei Investments Co. raised its holdings in shares of Talen Energy by 109.4% in the fourth quarter. Sei Investments Co. now owns 59,686 shares of the utilities provider's stock valued at $12,024,000 after buying an additional 31,180 shares during the last quarter. Petra Financial Advisors Inc. bought a new position in shares of Talen Energy in the fourth quarter valued at about $565,000. Finally, Cinctive Capital Management LP raised its holdings in shares of Talen Energy by 443.2% in the fourth quarter. Cinctive Capital Management LP now owns 32,871 shares of the utilities provider's stock valued at $6,623,000 after buying an additional 26,820 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

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 stock was sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the sale, the insider owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 388,530 shares of company stock valued at $114,090,933.

Analyst Ratings Changes

TLN has been the subject of a number of research analyst reports. Raymond James Financial initiated coverage on Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Oppenheimer boosted their price objective on Talen Energy from $250.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday. Wall Street Zen raised Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, June 30th. Finally, UBS Group boosted their price objective on Talen Energy from $296.00 to $366.00 and gave the stock a "buy" rating in a report on Friday, June 27th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $260.67.

Talen Energy Price Performance

Shares of TLN opened at $276.17 on Monday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. The stock has a 50 day simple moving average of $262.04 and a 200 day simple moving average of $229.81. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $301.70. The firm has a market capitalization of $12.57 billion, a PE ratio of 28.68, a P/E/G ratio of 6.65 and a beta of 1.85.

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

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.

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