Insider Selling: Talen Energy Corporation (NASDAQ:TLN) Major Shareholder Sells 178,000 Shares of Stock

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy 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 now owns 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Rubric Capital Management Lp also recently made the following trade(s):

• On Thursday, June 26th, Rubric Capital Management Lp sold 102,217 shares of Talen Energy stock. The stock was sold at an average price of $291.98, for a total value of $29,845,319.66.
• On Wednesday, June 25th, Rubric Capital Management Lp sold 108,313 shares of Talen Energy stock. The shares were sold at an average price of $291.29, for a total value of $31,550,493.77.

Talen Energy Stock Up 2.2%

Shares of NASDAQ:TLN traded up $6.50 during trading on Friday, hitting $297.88. 4,503,202 shares of the company were exchanged, compared to its average volume of 1,094,351. The firm's 50 day moving average price is $246.10 and its 200-day moving average price is $223.51. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $300.00. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The stock has a market capitalization of $13.56 billion, a P/E ratio of 65.33, a PEG ratio of 6.99 and a beta of 1.78.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. On average, research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TLN has been the subject of a number of research reports. UBS Group lifted their price objective on shares of Talen Energy from $296.00 to $366.00 and gave the company a "buy" rating in a report on Friday. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Wall Street Zen lowered Talen Energy from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd. Morgan Stanley assumed coverage on Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Finally, Raymond James Financial began coverage on Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective for the company. One analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Talen Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $255.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Signaturefd LLC raised its holdings in Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group bought a new position in Talen Energy during the first quarter worth $25,000. Golden State Wealth Management LLC bought a new position in shares of Talen Energy during the first quarter valued at approximately $35,000. LRI Investments LLC grew its position in shares of Talen Energy by 179.0% during 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. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy in the first quarter worth $35,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

About Talen Energy

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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