FORA Capital LLC Makes New $4.22 Million Investment in Talen Energy Corporation $TLN

Key Points

• FORA Capital LLC has invested approximately $4.22 million in Talen Energy Corporation, acquiring over 21,120 shares during the first quarter.
• Talen Energy reported strong quarterly earnings, with an EPS of $1.50 for the quarter, significantly beating analysts' expectations of a loss.
• Analysts have issued favorable ratings for Talen Energy, with a consensus price target of $316.00 and several firms, including Barclays and Melius Research, maintaining "buy" ratings.

FORA Capital LLC acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,120 shares of the utilities provider's stock, valued at approximately $4,217,000.

Other institutional investors have also recently bought and sold shares of the company. Nishkama Capital LLC bought a new stake in shares of Talen Energy in the first quarter valued at about $32,243,000. Comerica Bank lifted its position in Talen Energy by 11.1% during the first quarter. Comerica Bank now owns 69,331 shares of the utilities provider's stock worth $13,843,000 after purchasing an additional 6,915 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in Talen Energy during the first quarter worth about $240,000. Kestra Advisory Services LLC lifted its position in Talen Energy by 127.1% during the first quarter. Kestra Advisory Services LLC now owns 23,584 shares of the utilities provider's stock worth $4,709,000 after purchasing an additional 13,198 shares during the period. Finally, Ameriprise Financial Inc. lifted its position 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 purchasing an additional 299,143 shares during the period. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

Talen Energy stock traded down $9.30 on Friday, reaching $378.92. 1,200,932 shares of the stock were exchanged, compared to its average volume of 1,202,156. The firm has a fifty day moving average price of $331.67 and a two-hundred day moving average price of $260.31. The stock has a market cap of $17.31 billion, a PE ratio of 107.34, a PEG ratio of 2.62 and a beta of 1.90. 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 Corporation has a twelve month low of $137.50 and a twelve month high of $394.25.

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. The business had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. Sell-side analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TLN shares. Barclays lifted their price target on Talen Energy from $353.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 13th. Oppenheimer set a $315.00 target price on Talen Energy and gave the stock an "outperform" rating in a research note on Friday, July 11th. Jefferies Financial Group increased their target price on Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Morgan Stanley increased their target price on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Sixteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $316.00.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 388,530 shares of company stock worth $114,090,933 over the last quarter. 0.18% of the stock is owned by corporate insiders.

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.