Y Intercept Hong Kong Ltd Has $1.44 Million Holdings in Talen Energy Corporation (NASDAQ:TLN)

Y Intercept Hong Kong Ltd decreased its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,204 shares of the utilities provider's stock after selling 2,653 shares during the period. Y Intercept Hong Kong Ltd's holdings in Talen Energy were worth $1,438,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after buying an additional 256,414 shares during the period. Crescent Grove Advisors LLC bought a new position in Talen Energy during the 1st quarter valued at about $285,000. Sei Investments Co. grew its stake in Talen Energy by 109.4% during the fourth quarter. Sei Investments Co. now owns 59,686 shares of the utilities provider's stock worth $12,024,000 after buying an additional 31,180 shares during the last quarter. Cinctive Capital Management LP boosted its holdings in shares of Talen Energy by 443.2% in the 4th quarter. Cinctive Capital Management LP now owns 32,871 shares of the utilities provider's stock worth $6,623,000 after acquiring an additional 26,820 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Talen Energy by 114.9% during the 1st quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock valued at $717,000 after purchasing an additional 1,920 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TLN has been the topic of a number of research reports. Jefferies Financial Group upped their target price on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Morgan Stanley raised their target price on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. 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. Finally, Raymond James Financial initiated coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price for the company. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $292.58.

Talen Energy Stock Up 2.2%

Shares of NASDAQ TLN traded up $7.46 during midday trading on Friday, reaching $346.62. The company's stock had a trading volume of 1,641,643 shares, compared to its average volume of 1,436,838. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $352.77. The stock has a 50 day simple moving average of $276.06 and a 200-day simple moving average of $236.39. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 8.00 and a beta of 1.85. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52.

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

Insiders Place Their Bets

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm'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 directly owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 388,530 shares of company stock worth $114,090,933 in the last 90 days. 0.18% of the stock is currently owned by insiders.

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.