Quantinno Capital Management LP Purchases 2,598 Shares of Talen Energy Corporation $TLN

Quantinno Capital Management LP raised its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 42.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 8,781 shares of the utilities provider’s stock after buying an additional 2,598 shares during the period. Quantinno Capital Management LP’s holdings in Talen Energy were worth $2,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management raised its holdings in Talen Energy by 3.6% during the first quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock worth $334,000 after acquiring an additional 36 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Talen Energy by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 36 shares during the last quarter. Compound Planning Inc. boosted its stake in shares of Talen Energy by 4.7% during the 4th quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after acquiring an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after purchasing an additional 39 shares during the period. Finally, Values First Advisors Inc. boosted its holdings in shares of Talen Energy by 4.7% during the 1st quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock worth $312,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Insider Activity at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director directly owned 2,606 shares in the company, valued at approximately $990,280. The trade was a 49.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TLN shares. Zacks Research raised Talen Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company increased their price target on Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Talen Energy in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of Talen Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Morgan Stanley reissued an “overweight” rating and set a $508.00 target price on shares of Talen Energy in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $475.75.

Talen Energy Price Performance

Talen Energy stock opened at $347.71 on Monday. The firm has a market cap of $16.66 billion, a price-to-earnings ratio of -83.38 and a beta of 1.90. Talen Energy Corporation has a 52-week low of $301.45 and a 52-week high of $451.28. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The firm has a 50 day moving average price of $373.84 and a two-hundred day moving average price of $358.61.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%.The firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. Equities analysts predict that Talen Energy Corporation will post 26.42 EPS for the current year.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).