Talen Energy Corporation (NASDAQ:TLN) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 3.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,335 shares of the utilities provider’s stock after buying an additional 291 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Talen Energy were worth $1,864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TLN. Signaturefd LLC grew its position in shares of Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after buying an additional 93 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Talen Energy during the first quarter worth approximately $35,000. LRI Investments LLC lifted its stake in 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 purchasing an additional 111 shares during the last quarter. IFP Advisors Inc lifted its stake in Talen Energy by 42.4% during the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 56 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Talen Energy during the fourth quarter worth approximately $50,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 388,530 shares of company stock worth $114,090,933 in the last three months. 0.18% of the stock is owned by corporate insiders.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $378.01 on Friday. 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 Corporation has a twelve month low of $98.50 and a twelve month high of $384.92. The stock has a 50 day moving average of $289.07 and a two-hundred day moving average of $241.62. The stock has a market cap of $17.20 billion, a P/E ratio of 39.25, a P/E/G ratio of 3.15 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 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 company had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $556.93 million. On average, research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Ratings Changes

TLN has been the subject of several recent analyst reports. Oppenheimer set a $315.00 target price on Talen Energy and gave the stock an “outperform” rating in a research note on Friday, July 11th. Raymond James Financial initiated coverage on Talen Energy in a research note on Friday, June 13th. They set an “outperform” rating and a $314.00 target price for the company. Morgan Stanley boosted their target price on Talen Energy from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Barclays boosted their target price on Talen Energy from $269.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Finally, UBS Group set a $431.00 target price on Talen Energy and gave the stock a “buy” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $292.58.

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.