Dark Forest Capital Management LP Raises Position in Talen Energy Corporation $TLN

Key Points

• Dark Forest Capital Management LP acquired an additional 19,414 shares of Talen Energy Corporation, increasing its holdings by 365.2% and raising its total ownership to 24,730 shares worth approximately $4.94 million.
• Multiple large investors, including Fred Alger Management LLC and Ameriprise Financial Inc., have significantly increased their stakes in Talen Energy, reflecting growing institutional interest.
• Analysts have a consensus "Buy" rating for Talen Energy, with a target price range between $314.00 and $427.00, following positive earnings that surpassed expectations.

Dark Forest Capital Management LP increased its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 365.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,730 shares of the utilities provider's stock after buying an additional 19,414 shares during the quarter. Dark Forest Capital Management LP owned 0.05% of Talen Energy worth $4,938,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TLN. Signaturefd LLC grew its position 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 purchasing an additional 93 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Talen Energy in the first quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Talen Energy in the first quarter valued at approximately $35,000. LRI Investments LLC grew its holdings in shares of Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy in the first quarter valued at approximately $35,000. Institutional investors 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 stock in a transaction dated 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 sale, the insider owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 388,530 shares of company stock worth $114,090,933. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

TLN has been the subject of several recent analyst reports. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Morgan Stanley boosted their price objective on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Oppenheimer set a $315.00 price target on shares of Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, August 11th. Finally, UBS Group set a $431.00 price target on shares of Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Sixteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of "Buy" and a consensus price target of $316.00.

Talen Energy Stock Performance

Shares of TLN stock traded up $8.75 during trading on Friday, reaching $389.19. 758,096 shares of the company's stock traded hands, compared to its average volume of 1,189,185. The company has a market capitalization of $17.78 billion, a P/E ratio of 110.25, a PEG ratio of 2.60 and a beta of 1.89. The firm's 50-day moving average is $340.42 and its 200 day moving average is $265.12. Talen Energy Corporation has a 1 year low of $137.55 and a 1 year high of $394.25. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.13) by $2.63. The firm had revenue of $630.00 million for 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%. Equities research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current year.

Talen Energy Company 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.