CTC Alternative Strategies Ltd. Invests $260,000 in Talen Energy Corporation $TLN

Key Points

• CTC Alternative Strategies Ltd. invested approximately $260,000 to acquire 1,300 shares of Talen Energy Corporation ($TLN) in the first quarter, according to its recent 13F filing with the SEC.
• Analysts have issued strong ratings for Talen Energy, with a consensus rating of "Buy" and target prices ranging from $315 to $431, indicating positive market sentiment.
• In its latest quarterly earnings, Talen Energy reported an EPS of $1.50, significantly beating estimates and revealing a revenue of $630 million.

CTC Alternative Strategies Ltd. acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,300 shares of the utilities provider's stock, valued at approximately $260,000.

A number of other hedge funds also recently made changes to their positions in TLN. Third Point LLC bought a new stake in Talen Energy in the first quarter worth approximately $116,807,000. PointState Capital LP bought a new position in shares of Talen Energy during the 1st quarter worth approximately $75,148,000. Ameriprise Financial Inc. boosted its holdings in shares of Talen Energy by 6,621.1% during the 1st quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock worth $60,638,000 after buying an additional 299,143 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Talen Energy by 120,677.8% during the 1st quarter. Jones Financial Companies Lllp now owns 223,439 shares of the utilities provider's stock worth $44,614,000 after buying an additional 223,254 shares in the last quarter. Finally, Nishkama Capital LLC bought a new position in shares of Talen Energy during the 1st quarter worth approximately $32,243,000. 0.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group set a $431.00 price target on Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Oppenheimer set a $315.00 price target on Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Barclays increased their price target on Talen Energy from $353.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Melius assumed coverage on Talen Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price target on the stock. Finally, 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. Fifteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $326.08.

Talen Energy Trading Up 2.3%

NASDAQ TLN opened at $389.19 on Monday. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 110.25, a P/E/G ratio of 2.68 and a beta of 1.89. Talen Energy Corporation has a 52 week low of $137.55 and a 52 week high of $394.25. The business has a 50 day moving average price of $342.25 and a 200-day moving average price of $266.41. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of ($1.13) by $2.63. The firm had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. As a group, equities analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's 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 owned 5,734,970 shares in the company, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 388,530 shares of company stock worth $114,090,933 in the last ninety days.

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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