Advisors Asset Management Inc. Invests $246,000 in Talen Energy Corporation $TLN

Advisors Asset Management Inc. bought a new position in Talen Energy Corporation (NASDAQ:TLN) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,230 shares of the utilities provider’s stock, valued at approximately $246,000.

Several other hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. lifted its position in shares of Talen Energy by 4.4% in the 1st quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 55 shares in the last quarter. IFP Advisors Inc lifted its position 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 valued at $38,000 after acquiring an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in shares of Talen Energy by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider’s stock valued at $678,000 after acquiring an additional 88 shares in the last quarter. Signaturefd LLC lifted its position in shares of 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 in the last quarter. Finally, LRI Investments LLC lifted its position 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 valued at $35,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 388,530 shares of company stock worth $114,090,933. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Talen Energy from $330.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday. Oppenheimer set a $315.00 price target on shares of Talen Energy and gave the company an “outperform” rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Talen Energy from a “sell” rating to a “hold” rating in a report on Monday, August 11th. Melius began coverage on shares of Talen Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target for the company. Finally, Susquehanna restated an “overweight” rating on shares of Talen Energy in a report on Thursday, June 12th. Fifteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $354.29.

Talen Energy Price Performance

NASDAQ TLN opened at $400.92 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $18.32 billion, a PE ratio of 113.58, a price-to-earnings-growth ratio of 2.77 and a beta of 1.89. The company has a 50 day moving average price of $350.99 and a two-hundred day moving average price of $270.61. Talen Energy Corporation has a 12-month low of $148.02 and a 12-month high of $410.00.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The company had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. As a group, equities analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Talen Energy 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.