Cetera Investment Advisers Buys 953 Shares of Talen Energy Corporation (NASDAQ:TLN)

Cetera Investment Advisers raised its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 39.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,384 shares of the utilities provider’s stock after purchasing an additional 953 shares during the period. Cetera Investment Advisers’ holdings in Talen Energy were worth $676,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TLN. Lone Pine Capital LLC raised its stake in Talen Energy by 27.2% during the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider’s stock worth $219,477,000 after buying an additional 233,165 shares during the last quarter. Fred Alger Management LLC raised its stake in Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider’s stock worth $192,353,000 after buying an additional 577,257 shares during the last quarter. Carronade Capital Management LP raised its stake in Talen Energy by 12.0% during the fourth quarter. Carronade Capital Management LP now owns 447,886 shares of the utilities provider’s stock worth $90,236,000 after buying an additional 47,886 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in Talen Energy during the fourth quarter worth $48,333,000. Finally, Bank of New York Mellon Corp raised its stake in Talen Energy by 37.4% during the first quarter. Bank of New York Mellon Corp now owns 133,533 shares of the utilities provider’s stock worth $26,663,000 after buying an additional 36,325 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 completion of the transaction, the insider directly owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 388,530 shares of company stock worth $114,090,933 in the last ninety days. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

TLN has been the subject of several research analyst reports. Barclays reaffirmed an “overweight” rating and issued a $418.00 price target (up from $353.00) on shares of Talen Energy in a research note on Wednesday. Oppenheimer set a $315.00 price target on shares of Talen Energy and gave the company an “outperform” rating in a research note on Friday, July 11th. Morgan Stanley lifted their price target on shares of Talen Energy from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Jefferies Financial Group lifted their price target on shares of Talen Energy from $326.00 to $380.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, UBS Group set a $431.00 price target on shares of Talen Energy and gave the company a “buy” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $297.50.

Talen Energy Stock Up 0.1%

Shares of NASDAQ TLN opened at $380.60 on Friday. The stock has a market capitalization of $17.39 billion, a P/E ratio of 107.82, a P/E/G ratio of 2.79 and a beta of 1.90. The company has a 50-day moving average price of $312.56 and a 200-day moving average price of $250.53. Talen Energy Corporation has a 1 year low of $130.91 and a 1 year high of $394.07. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.13) by $2.63. The firm had revenue of $630.00 million during the quarter, compared to analysts’ expectations of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. On average, equities research analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

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.