Aristeia Capital L.L.C. Purchases 1,074 Shares of Talen Energy Corporation $TLN

Key Points

• Aristeia Capital L.L.C. increased its holdings in Talen Energy Corporation by 95%, acquiring an additional 1,074 shares and bringing its total to 2,204 shares valued at approximately $440,000.
• Talen Energy reported a net profit of $1.50 earnings per share for the last quarter, significantly exceeding analyst expectations of ($1.13) and achieving $630 million in revenue.
• Despite a decline in insider ownership after Rubric Capital Management sold 178,000 shares, multiple analysts maintain a Buy rating on Talen Energy, with a consensus target price of $326.08.

Aristeia Capital L.L.C. increased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 95.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,204 shares of the utilities provider's stock after acquiring an additional 1,074 shares during the period. Aristeia Capital L.L.C.'s holdings in Talen Energy were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Signaturefd LLC lifted its position in 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. Brooklyn Investment Group purchased a new stake in Talen Energy during the first quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Talen Energy in the 1st quarter worth $35,000. LRI Investments LLC increased 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 worth $35,000 after purchasing an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Talen Energy in the first quarter worth $35,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 2.3%

NASDAQ:TLN opened at $389.19 on Monday. The firm has a market capitalization of $17.78 billion, a P/E ratio of 110.25, a PEG ratio of 2.68 and a beta of 1.89. Talen Energy Corporation has a 1-year low of $137.55 and a 1-year high of $394.25. The company's fifty day moving average price is $342.25 and its 200-day moving average price is $266.41. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. The company had revenue of $630.00 million during the quarter, compared to analysts' expectations of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. As a group, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS 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 Talen Energy stock in a transaction dated 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 directly owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 388,530 shares of company stock worth $114,090,933.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Melius started coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, August 11th. UBS Group set a $431.00 price objective on shares of Talen Energy and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $326.08.

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.

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