Edmond DE Rothschild Holding S.A. Boosts Stake in Talen Energy Corporation $TLN

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Talen Energy Corporation by 15.5%, holding 7,829 shares worth approximately $1.56 million as of the end of the first quarter.
• Other institutional investors, like BW Gestao de Investimentos Ltda., dramatically raised their positions, with BW increasing by 393.8% to own 161,758 shares valued at around $32.30 million.
• Talen Energy reported earnings of $1.50 per share, significantly exceeding analyst expectations, alongside a revenue of $630 million for the quarter.

Edmond DE Rothschild Holding S.A. increased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 15.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,829 shares of the utilities provider's stock after acquiring an additional 1,051 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Talen Energy were worth $1,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TLN. Ameriprise Financial Inc. grew its holdings in 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 acquiring an additional 299,143 shares during the period. Encompass Capital Advisors LLC acquired a new position in Talen Energy during the fourth quarter worth $48,333,000. Nishkama Capital LLC acquired a new position in Talen Energy during the first quarter worth $32,243,000. BW Gestao de Investimentos Ltda. raised its holdings in Talen Energy by 393.8% during the first quarter. BW Gestao de Investimentos Ltda. now owns 161,758 shares of the utilities provider's stock worth $32,298,000 after purchasing an additional 129,002 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in 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. Institutional investors and hedge funds own 0.38% of the company's stock.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction dated Friday, June 27th. The stock was 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 owned 5,734,970 shares in the company, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is owned by insiders.

Talen Energy Price Performance

Shares of TLN traded up $12.91 during trading hours on Wednesday, reaching $402.34. 927,465 shares of the company traded hands, compared to its average volume of 1,184,074. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $18.38 billion, a PE ratio of 113.98, a price-to-earnings-growth ratio of 2.64 and a beta of 1.89. Talen Energy Corporation has a fifty-two week low of $148.02 and a fifty-two week high of $410.00. The stock has a fifty day simple moving average of $346.29 and a 200 day simple moving average of $268.41.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $630.00 million during the quarter, compared to analysts' expectations of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. As a group, research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Susquehanna reissued an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Melius assumed coverage on Talen Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $427.00 target price on the stock. Barclays upped their target price on Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Evercore ISI upped their target price on Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Raymond James Financial assumed coverage on Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Fifteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $352.71.

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.