Victory Capital Management Inc. increased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 45.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,098 shares of the utilities provider's stock after acquiring an additional 4,438 shares during the quarter. Victory Capital Management Inc.'s holdings in Talen Energy were worth $2,815,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of TLN. Signaturefd LLC boosted its holdings 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 acquiring an additional 93 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Talen Energy in the first quarter valued at approximately $35,000. LRI Investments LLC boosted its holdings 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 valued at $35,000 after acquiring an additional 111 shares in the last quarter. State of Wyoming bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Talen Energy by 7,285.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 517 shares of the utilities provider's stock valued at $104,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Saturday. UBS Group set a $431.00 target price on shares of Talen Energy and gave the stock a "buy" rating in a report on Friday. Barclays raised their target price on shares of Talen Energy from $269.00 to $359.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Finally, Jefferies Financial Group raised their target price on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $292.58.
Read Our Latest Stock Report on TLN
Talen Energy Stock Up 0.7%
Shares of TLN stock traded up $2.44 during trading on Tuesday, reaching $361.21. The company's stock had a trading volume of 726,935 shares, compared to its average volume of 1,315,464. The business has a fifty day moving average price of $278.43 and a 200-day moving average price of $237.50. 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 company has a market cap of $16.44 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 2.88 and a beta of 1.85. Talen Energy Corporation has a one year low of $98.50 and a one year high of $365.40.
Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results 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 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 the consensus estimate of $556.93 million. Analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.
Insider Activity at Talen Energy
In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the sale, the insider directly owned 5,734,970 shares in the company, valued at $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 available at the SEC website. Insiders have sold 388,530 shares of company stock valued at $114,090,933 in the last 90 days.
About Talen Energy
(
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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