Talen Energy Corporation $TLN Holdings Cut by DRW Securities LLC

Key Points

• DRW Securities LLC reduced its holdings in Talen Energy Corporation by 73.9%, selling 14,750 shares and owning a total of 5,200 shares valued at $1,038,000 as of their most recent SEC filing.
• Multiple large investors made significant changes in Talen Energy, with Signaturefd LLC increasing its stake by 310%, highlighting increased interest from institutional investors.
• Talen Energy reported $1.50 EPS for the quarter, exceeding expectations and indicating strong financial performance with a revenue of $630 million.

DRW Securities LLC trimmed its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 73.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,200 shares of the utilities provider's stock after selling 14,750 shares during the period. DRW Securities LLC's holdings in Talen Energy were worth $1,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fred Alger Management LLC raised its position in Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after purchasing an additional 577,257 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Talen Energy by 6,621.1% during the first quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock worth $60,638,000 after purchasing an additional 299,143 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Talen Energy during the fourth quarter worth about $48,333,000. Nishkama Capital LLC acquired a new position in shares of Talen Energy during the first quarter worth about $32,243,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Talen Energy by 1,210.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 131,082 shares of the utilities provider's stock worth $27,192,000 after purchasing an additional 121,082 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Up 0.7%

Shares of TLN stock traded up $2.68 during trading hours on Thursday, hitting $380.44. 523,865 shares of the company were exchanged, compared to its average volume of 1,191,750. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. Talen Energy Corporation has a one year low of $137.55 and a one year high of $394.25. The business's 50-day simple moving average is $338.64 and its two-hundred day simple moving average is $264.16. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 107.77, a P/E/G ratio of 2.61 and a beta of 1.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The business had revenue of $630.00 million for the quarter, compared to analysts' expectations of $481.48 million. Sell-side analysts predict that Talen Energy Corporation will post 15.94 EPS 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 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 owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 388,530 shares of company stock worth $114,090,933 over the last quarter. Company insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on TLN. 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 objective on the stock. Oppenheimer set a $315.00 price objective on Talen Energy and gave the stock an "outperform" rating in a research note on Friday, July 11th. Jefferies Financial Group boosted their price objective on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Melius Research began coverage on Talen Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $427.00 target price for the company. Finally, Susquehanna restated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. Sixteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Talen Energy presently has an average rating of "Buy" and an average target price of $316.00.

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.