Goodlander Investment Management LLC Acquires New Position in Talen Energy Corporation $TLN

Key Points

• Goodlander Investment Management LLC has acquired a new stake in Talen Energy Corporation, purchasing 40,000 shares valued at approximately $7,987,000, making it 6.8% of their portfolio and setting it as their 7th largest holding.
• Analyst ratings are positive for Talen Energy, with several firms including Barclays and UBS Group raising their target prices significantly, leading to a consensus rating of "Buy" and an average price target of $316.00.
• The company's latest earnings exceeded expectations with an EPS of $1.50 against an estimated loss of $1.13, alongside a revenue of $630 million, which is notably above the consensus estimate of $481.48 million.

Goodlander Investment Management LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the utilities provider's stock, valued at approximately $7,987,000. Talen Energy comprises approximately 6.8% of Goodlander Investment Management LLC's investment portfolio, making the stock its 7th biggest holding. Goodlander Investment Management LLC owned approximately 0.09% of Talen Energy as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 93 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Talen Energy during the first quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Talen Energy during the first quarter valued at approximately $35,000. LRI Investments LLC grew its holdings in shares of Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 111 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy during the first quarter valued at approximately $35,000. 0.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TLN shares. 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. Oppenheimer set a $315.00 target price on Talen Energy and gave the company an "outperform" rating in a report on Friday, July 11th. Raymond James Financial assumed coverage on Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective for the company. 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. Finally, UBS Group set a $431.00 price objective on Talen Energy and gave the stock a "buy" rating in a research report on Friday, July 25th. Sixteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Talen Energy presently has a consensus rating of "Buy" and a consensus price target of $316.00.

Talen Energy Stock Performance

TLN opened at $378.92 on Friday. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of 107.34, a price-to-earnings-growth ratio of 2.67 and a beta of 1.90. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. Talen Energy Corporation has a 1-year low of $137.50 and a 1-year high of $394.25. The business has a 50 day moving average price of $333.48 and a two-hundred day moving average price of $261.31.

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

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction that occurred on 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 directly owned 5,734,970 shares in the company, 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 SEC, which is available at this hyperlink. Insiders sold 388,530 shares of company stock valued at $114,090,933 in the last three months. Corporate insiders own 0.18% of the company's stock.

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.

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