2,674 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,674 shares of the utilities provider's stock, valued at approximately $534,000.

Other large investors also recently bought and sold shares of the company. William Blair Investment Management LLC purchased a new stake in Talen Energy in the 4th quarter valued at $239,984,000. Fred Alger Management LLC boosted its position in shares of Talen Energy by 152.9% during the 4th quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after acquiring an additional 577,257 shares during the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of Talen Energy in the fourth quarter valued at about $101,931,000. Clearbridge Investments LLC purchased a new stake in shares of Talen Energy in the fourth quarter valued at about $88,065,000. Finally, Vanguard Group Inc. increased its position in Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after purchasing an additional 256,414 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Price Performance

TLN traded down $3.91 during trading on Wednesday, reaching $276.09. The stock had a trading volume of 626,662 shares, compared to its average volume of 1,160,211. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $301.70. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52. The stock has a 50 day moving average of $251.62 and a two-hundred day moving average of $225.32. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 28.67, a price-to-earnings-growth ratio of 6.98 and a beta of 1.85.

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 (EPS) 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 company had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. As a group, equities analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 388,530 shares of company stock worth $114,090,933 in the last ninety days.

Analyst Ratings Changes

Several brokerages recently weighed in on TLN. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. JPMorgan Chase & Co. lowered their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Raymond James Financial initiated coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective on the stock. Barclays decreased their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Finally, Morgan Stanley assumed coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $255.25.

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.