Talen Energy Corporation $TLN Shares Sold by Bfsg LLC

Bfsg LLC decreased its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,373 shares of the utilities provider’s stock after selling 212 shares during the period. Bfsg LLC’s holdings in Talen Energy were worth $981,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TLN. Third Point LLC purchased a new stake in Talen Energy during the first quarter worth approximately $116,807,000. Fred Alger Management LLC grew its stake in Talen Energy by 56.3% during the first quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock worth $297,937,000 after buying an additional 537,398 shares during the period. PointState Capital LP purchased a new stake in Talen Energy during the first quarter worth approximately $75,148,000. Assenagon Asset Management S.A. purchased a new stake in Talen Energy during the second quarter worth approximately $91,239,000. Finally, Ameriprise Financial Inc. grew its stake in Talen Energy by 6,621.1% during the first quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider’s stock worth $60,638,000 after buying an additional 299,143 shares during the period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Down 1.5%

TLN stock opened at $423.13 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. Talen Energy Corporation has a fifty-two week low of $148.02 and a fifty-two week high of $430.71. The firm’s 50-day simple moving average is $372.91 and its 200 day simple moving average is $283.18. The stock has a market cap of $19.33 billion, a PE ratio of 119.87, a price-to-earnings-growth ratio of 2.27 and a beta of 1.89.

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

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $296.04, for a total value of $52,695,120.00. Following the sale, the insider 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Talen Energy from $330.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Evercore ISI upped their target price on shares of Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Wall Street Zen upgraded shares of Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Jefferies Financial Group upped 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. Finally, 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. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $358.53.

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.