14,539 Shares in Talen Energy Corporation (NASDAQ:TLN) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,539 shares of the utilities provider’s stock, valued at approximately $2,903,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 93 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Talen Energy in the 1st quarter worth about $35,000. LRI Investments LLC boosted its holdings in shares of Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 111 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Talen Energy in the 1st quarter worth about $35,000. Finally, IFP Advisors Inc boosted its holdings in shares of Talen Energy by 42.4% in the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 56 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm’s stock in a transaction dated Friday, June 27th. The stock was 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 of the company’s stock, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 388,530 shares of company stock worth $114,090,933 over the last quarter.

Talen Energy Stock Performance

TLN stock opened at $361.21 on Wednesday. The company has a market cap of $16.44 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.88 and a beta of 1.85. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $365.40. 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’s fifty day moving average price is $278.43 and its 200-day moving average price is $237.50.

Talen Energy (NASDAQ:TLN) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.35). The company had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. On average, equities analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TLN shares. Susquehanna restated an “overweight” rating on shares of Talen Energy in a report on Thursday, June 12th. Jefferies Financial Group increased their target price on Talen Energy from $326.00 to $380.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group set a $431.00 target price on Talen Energy and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Oppenheimer set a $315.00 target price on Talen Energy and gave the company an “outperform” rating in a report on Friday, July 11th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $292.58.

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.