Central Asset Investments & Management Holdings HK Ltd Acquires Shares of 1,483 Talen Energy Corporation (NASDAQ:TLN)

Key Points

• Central Asset Investments & Management Holdings HK Ltd purchased 1,483 shares of Talen Energy Corporation, valued at approximately $296,000, during the first quarter.
• Talen Energy reported earnings of $1.50 per share for the quarter, significantly surpassing the consensus estimate of ($1.13) and posted a revenue of $630 million, above expectations.
• Analysts have mixed outlooks on Talen Energy, with a range of price targets set, including a buy rating and a target price as high as $431 from UBS Group.

Central Asset Investments & Management Holdings HK Ltd acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,483 shares of the utilities provider's stock, valued at approximately $296,000.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Talen Energy by 310.0% during 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. Golden State Wealth Management LLC purchased a new position in shares of Talen Energy during the first quarter valued at approximately $35,000. LRI Investments LLC raised its stake 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 during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Talen Energy in the 1st quarter valued at about $35,000. Finally, IFP Advisors Inc raised its position in shares of Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after buying an additional 56 shares in the last quarter. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Down 0.7%

NASDAQ:TLN traded down $2.78 during trading hours on Friday, hitting $377.82. 768,512 shares of the stock traded hands, compared to its average volume of 1,368,826. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The firm has a market cap of $17.26 billion, a price-to-earnings ratio of 107.03, a PEG ratio of 2.80 and a beta of 1.90. Talen Energy Corporation has a fifty-two week low of $131.31 and a fifty-two week high of $394.07. The firm has a 50 day moving average price of $314.94 and a 200 day moving average price of $251.72.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, topping analysts' consensus estimates of ($1.13) by $2.63. The firm had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. Equities research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Insider Transactions at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction on 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 transaction, the insider directly owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 388,530 shares of company stock valued at $114,090,933. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of analyst reports. UBS Group set a $431.00 price objective on shares of Talen Energy and gave the stock a "buy" rating in a research note on Friday, July 25th. Barclays reaffirmed an "overweight" rating and issued a $418.00 price target (up previously from $353.00) on shares of Talen Energy in a research note on Wednesday. Jefferies Financial Group increased their price target on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Raymond James Financial initiated coverage on Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target on the stock. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $297.50.

About Talen Energy

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.