Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Talen Energy Corporation by 7.7%, holding approximately 9.71% of the company with a valuation of $882.52 million after selling 366,426 shares.
• Several institutional investors have recently adjusted their positions in Talen Energy, with Signaturefd LLC increasing its stake by 310% and other investors also adding new stakes valued around $35,000.
• Talen Energy reported $630 million in revenue for the last quarter, significantly exceeding analyst estimates, and had a EPS of $1.50 which surpassed the consensus estimate by $2.63.

Vanguard Group Inc. reduced its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,419,905 shares of the utilities provider's stock after selling 366,426 shares during the quarter. Vanguard Group Inc. owned 9.71% of Talen Energy worth $882,522,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Wedbush Securities Inc. increased its position 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 valued at $263,000 after buying an additional 55 shares in the last quarter. IFP Advisors Inc increased its position in shares of Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after buying an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of Talen Energy by 2.7% in 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 buying an additional 88 shares in the last quarter. Signaturefd LLC increased its position in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares in the last quarter. Finally, LRI Investments LLC boosted its stake in shares of Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after acquiring an additional 111 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays reaffirmed an "overweight" rating and issued a $418.00 price target (up from $353.00) on shares of Talen Energy in a research note on Wednesday. Morgan Stanley lifted their price target on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Jefferies Financial Group lifted their price target on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Susquehanna reissued an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. Finally, UBS Group set a $431.00 price objective on Talen Energy and gave the stock a "buy" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $297.50.

Talen Energy Trading Down 0.6%

Shares of TLN stock traded down $2.16 on Friday, hitting $378.44. The stock had a trading volume of 309,290 shares, compared to its average volume of 1,171,486. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. The firm has a market capitalization of $17.29 billion, a P/E ratio of 107.25, a P/E/G ratio of 2.79 and a beta of 1.90. Talen Energy Corporation has a 1 year low of $131.31 and a 1 year high of $394.07. The company's 50 day moving average price is $312.56 and its 200-day moving average price is $250.53.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. The company had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. Analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction dated Friday, June 27th. The stock was 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 directly owned 5,734,970 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 388,530 shares of company stock worth $114,090,933. Corporate insiders own 0.18% of the company's stock.

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.