Interval Partners LP Makes New $670,000 Investment in Talen Energy Corporation $TLN

Key Points

• Interval Partners LP has acquired a new position in Talen Energy Corporation, purchasing 3,357 shares valued at approximately $670,000 in the first quarter.
• Research analysts have given Talen Energy a generally positive outlook, with fifteen analysts rating it as a Buy and an average price target of $326.08.
• Talen Energy reported earnings of $1.50 per share for the last quarter, significantly exceeding the consensus estimate of ($1.13), and had revenues of $630 million compared to expectations of $481.48 million.

Interval Partners LP purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,357 shares of the utilities provider's stock, valued at approximately $670,000.

A number of other large investors also recently bought and sold shares of TLN. Tower Research Capital LLC TRC lifted its position in Talen Energy by 7,285.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 517 shares of the utilities provider's stock valued at $104,000 after acquiring an additional 510 shares during the period. Northern Trust Corp lifted its position in Talen Energy by 7.8% during the 4th quarter. Northern Trust Corp now owns 118,949 shares of the utilities provider's stock valued at $23,965,000 after acquiring an additional 8,626 shares during the period. Ameriprise Financial Inc. raised its holdings in Talen Energy by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 4,518 shares of the utilities provider's stock worth $910,000 after buying an additional 261 shares during the last quarter. Cetera Investment Advisers purchased a new position in Talen Energy in the fourth quarter worth about $490,000. Finally, Cresset Asset Management LLC purchased a new position in Talen Energy in the fourth quarter worth about $312,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Performance

NASDAQ TLN traded up $5.94 during trading hours on Tuesday, hitting $389.43. 966,538 shares of the company's stock traded hands, compared to its average volume of 1,186,253. The business's fifty day moving average price is $344.10 and its two-hundred day moving average price is $267.56. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $17.79 billion, a P/E ratio of 110.32, a P/E/G ratio of 2.68 and a beta of 1.89. Talen Energy Corporation has a 52 week low of $145.05 and a 52 week high of $398.78.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (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 analyst estimates of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. Equities research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TLN shares. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Jefferies Financial Group boosted their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 18th. Melius Research started coverage on shares of Talen Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price objective for the company. Evercore ISI boosted their price objective on shares of Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Raymond James Financial started coverage on shares of Talen Energy in a report on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective for the company. Fifteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $334.93.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's 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 completion of the sale, the insider directly owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold 388,530 shares of company stock worth $114,090,933 in the last three months.

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.