Alyeska Investment Group L.P. Cuts Stake in Talen Energy Corporation $TLN

Key Points

• Alyeska Investment Group L.P. sold 85,482 shares of Talen Energy Corporation, reducing its stake by 85.9%, leaving it with 14,074 shares valued at approximately $2.81 million.
• Several institutional investors increased their holdings in Talen Energy significantly, including Ameriprise Financial, which raised its stake by 6,621.1%, owning 303,661 shares worth $60.64 million.
• Talen Energy's stock was positively rated by analysts, with prices targets raised to as high as $418.00, and the company recently reported an earnings surprise with $1.50 EPS versus an estimated loss of ($1.13).

Alyeska Investment Group L.P. lowered its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 85.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,074 shares of the utilities provider's stock after selling 85,482 shares during the period. Alyeska Investment Group L.P.'s holdings in Talen Energy were worth $2,810,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Signaturefd LLC raised its stake in Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Talen Energy in the 1st quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Talen Energy during the 1st quarter worth about $35,000. LRI Investments LLC lifted its stake in Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Talen Energy during the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on TLN shares. Raymond James Financial initiated coverage on shares of Talen Energy in a report on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective on the stock. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. 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. Morgan Stanley upped their price objective on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, UBS Group set a $431.00 target price on Talen Energy and gave the stock a "buy" rating in a research report on Friday, July 25th. Fifteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $334.93.

Talen Energy Stock Performance

NASDAQ:TLN traded up $5.94 during trading hours on Tuesday, reaching $389.43. 966,538 shares of the company's stock were exchanged, compared to its average volume of 1,186,253. Talen Energy Corporation has a 1-year low of $145.05 and a 1-year high of $398.78. 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 firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of 110.32, a P/E/G ratio of 2.68 and a beta of 1.89. The company has a 50-day moving average of $344.10 and a 200 day moving average of $267.56.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $481.48 million. Research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 388,530 shares of company stock worth $114,090,933.

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.