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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TLN. Signaturefd LLC grew its holdings in Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after buying an additional 93 shares in the last quarter. Brooklyn Investment Group bought a new position in Talen Energy in the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in Talen Energy in the 1st quarter worth approximately $35,000. LRI Investments LLC grew its holdings in 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 buying an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Talen Energy in the 1st quarter worth approximately $35,000. 0.38% of the stock is owned by institutional investors.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction 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 approximately $1,697,780,518.80. This represents a 3.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 388,530 shares of company stock worth $114,090,933. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TLN. UBS Group set a $431.00 price objective on Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Evercore ISI increased their price target on Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a research note on Tuesday. Raymond James Financial began coverage on Talen Energy in a research note on Friday, June 13th. They set an "outperform" rating and a $314.00 price target for the company. Barclays increased their price target on Talen Energy from $418.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Melius began coverage on Talen Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $427.00 price target for the company. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat, Talen Energy presently has a consensus rating of "Buy" and a consensus price target of $354.29.

Talen Energy Price Performance

NASDAQ TLN traded up $1.61 on Friday, reaching $402.53. 435,205 shares of the stock traded hands, compared to its average volume of 1,161,560. Talen Energy Corporation has a 12 month low of $148.02 and a 12 month high of $410.00. The firm's fifty day simple moving average is $353.19 and its 200 day simple moving average is $272.30. The company has a market cap of $18.39 billion, a price-to-earnings ratio of 114.03, a P/E/G ratio of 1.92 and a beta of 1.89. 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 announced its quarterly earnings data 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 return on equity of 17.81% and a net margin of 8.75%.The company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. As a group, research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

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.