Capital Fund Management S.A. Acquires 3,580 Shares of Talen Energy Corporation $TLN

Key Points

• Capital Fund Management S.A. increased its stake in Talen Energy Corporation by 11.9%, acquiring an additional 3,580 shares in the first quarter, bringing their total ownership to 33,659 shares.
• Wall Street analysts are optimistic about Talen Energy, with multiple brokerages setting price targets above $300 and maintaining a majority "Buy" rating.
• Talen Energy reported strong earnings, achieving $1.50 per share for the recent quarter, vastly exceeding analysts' expectations of a loss, and posting revenue of $630 million.

Capital Fund Management S.A. boosted its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,659 shares of the utilities provider's stock after buying an additional 3,580 shares during the quarter. Capital Fund Management S.A. owned approximately 0.07% of Talen Energy worth $6,721,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crescent Grove Advisors LLC acquired a new position in Talen Energy during the 1st quarter worth $285,000. Thoroughbred Financial Services LLC acquired a new position in shares of Talen Energy in the 1st quarter valued at $756,000. TCW Group Inc. acquired a new position in shares of Talen Energy in the 1st quarter valued at $9,266,000. Principal Financial Group Inc. lifted its stake in shares of Talen Energy by 114.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock valued at $717,000 after purchasing an additional 1,920 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Talen Energy by 75.8% in the 1st quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider's stock valued at $3,495,000 after purchasing an additional 7,547 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's 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 completion of the sale, the insider directly owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 388,530 shares of company stock valued at $114,090,933.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TLN shares. Melius Research started coverage on Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 price target on the stock. UBS Group set a $431.00 price target on Talen Energy and gave the company a "buy" rating in a research note on Friday, July 25th. Barclays upped their price objective on shares of Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Sixteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $316.00.

Talen Energy Stock Up 0.7%

TLN stock traded up $2.83 during trading hours on Wednesday, reaching $381.62. 1,432,447 shares of the stock were exchanged, compared to its average volume of 1,166,878. The firm's 50-day moving average is $327.89 and its 200-day moving average is $258.43. The company has a market cap of $17.44 billion, a price-to-earnings ratio of 107.98, a PEG ratio of 2.44 and a beta of 1.90. 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 Corporation has a 12 month low of $137.50 and a 12 month high of $394.07.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS 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 company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. On average, equities research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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.