Talen Energy Corporation $TLN Shares Sold by Northern Trust Corp

Northern Trust Corp decreased its position in Talen Energy Corporation (NASDAQ:TLN) by 12.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,158 shares of the utilities provider’s stock after selling 14,791 shares during the quarter. Northern Trust Corp owned about 0.23% of Talen Energy worth $20,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TLN. Tower Research Capital LLC TRC raised its stake in Talen Energy by 7,285.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 517 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 510 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Talen Energy by 23.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,797 shares of the utilities provider’s stock valued at $3,183,000 after purchasing an additional 3,000 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Talen Energy by 6.1% in the 4th quarter. Ameriprise Financial Inc. now owns 4,518 shares of the utilities provider’s stock valued at $910,000 after purchasing an additional 261 shares during the last quarter. Carronade Capital Management LP raised its stake in Talen Energy by 12.0% in the 4th quarter. Carronade Capital Management LP now owns 447,886 shares of the utilities provider’s stock valued at $90,236,000 after purchasing an additional 47,886 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Talen Energy in the 4th quarter valued at about $668,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Down 2.4%

TLN opened at $378.92 on Tuesday. 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 Corporation has a 12 month low of $137.50 and a 12 month high of $394.25. The stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of 107.34, a price-to-earnings-growth ratio of 2.61 and a beta of 1.89. The business has a 50-day moving average of $335.22 and a two-hundred day moving average of $262.59.

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

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business’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 completion of the sale, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 388,530 shares of company stock worth $114,090,933.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Susquehanna reissued an “overweight” rating on shares of Talen Energy in a research note on Thursday, June 12th. Melius assumed coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $427.00 target price for the company. Jefferies Financial Group boosted their target price 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. UBS Group set a $431.00 price target on Talen Energy and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Melius Research started coverage on Talen Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price target for the company. Sixteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $316.00.

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.