Thornburg Investment Management Inc. grew its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 15.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,143 shares of the utilities provider's stock after buying an additional 5,917 shares during the quarter. Thornburg Investment Management Inc. owned 0.10% of Talen Energy worth $9,014,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in Talen Energy in the 4th quarter valued at about $201,000. Teacher Retirement System of Texas acquired a new stake in Talen Energy in the 4th quarter valued at about $409,000. LPL Financial LLC increased its position in Talen Energy by 234.9% in the 4th quarter. LPL Financial LLC now owns 23,490 shares of the utilities provider's stock valued at $4,733,000 after acquiring an additional 16,476 shares in the last quarter. Norges Bank acquired a new stake in Talen Energy in the 4th quarter valued at about $2,819,000. Finally, CIBC Private Wealth Group LLC increased its position in Talen Energy by 24,156.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,643 shares of the utilities provider's stock valued at $2,510,000 after acquiring an additional 11,595 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.
Talen Energy Stock Up 0.1%
TLN traded up $0.44 during trading on Friday, reaching $378.01. 1,548,703 shares of the stock were exchanged, compared to its average volume of 1,190,287. The stock has a market cap of $17.20 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 3.11 and a beta of 1.85. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $384.92. The stock's 50 day moving average price is $286.37 and its two-hundred day moving average price is $240.43. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62.
Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. The firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. Equities analysts expect that Talen Energy Corporation will post 15.94 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. UBS Group set a $431.00 target price on shares of Talen Energy and gave the company a "buy" rating in a research note on Friday, July 25th. Barclays lifted their price objective on shares of Talen Energy from $269.00 to $359.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Oppenheimer set a $315.00 price objective on shares of Talen Energy and gave the stock an "outperform" rating in a research note on Friday, July 11th. Finally, Raymond James Financial assumed coverage on shares of Talen Energy in a research note on Friday, June 13th. They set 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. Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $292.58.
Check Out Our Latest Stock Report on Talen Energy
Insider Buying and Selling
In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction dated 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 sale, the insider owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 388,530 shares of company stock worth $114,090,933 over the last three months. Insiders own 0.18% of the company's stock.
Talen Energy Profile
(
Free Report)
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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