993 Shares in Talen Energy Corporation $TLN Acquired by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC has acquired a new stake in Talen Energy Corporation (NASDAQ: TLN), purchasing 993 shares valued at approximately $289,000.
• Talen Energy reported a EPS of $1.50 for the last quarter, significantly exceeding analyst expectations of ($1.13), along with revenues of $630 million.
• Several research analysts have set optimistic price targets for Talen Energy stock, with UBS Group recommending a target of $431.00 and Morgan Stanley increasing its target from $330.00 to $430.00.

Pallas Capital Advisors LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 993 shares of the utilities provider's stock, valued at approximately $289,000.

Other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Talen Energy by 75.8% in the 1st quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider's stock valued at $3,495,000 after buying an additional 7,547 shares in the last quarter. Crescent Grove Advisors LLC acquired a new position in shares of Talen Energy in the 1st quarter valued at $285,000. Thoroughbred Financial Services LLC acquired a new position in shares of Talen Energy in the 1st quarter valued at $756,000. TCW Group Inc. acquired a new position in shares of Talen Energy in the 1st quarter valued at $9,266,000. Finally, Principal Financial Group Inc. raised its stake in shares of Talen Energy by 114.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock valued at $717,000 after buying an additional 1,920 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy 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 transaction, the insider owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 388,530 shares of company stock worth $114,090,933.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Zacks Research cut shares of Talen Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Wall Street Zen raised Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, August 11th. Finally, Barclays boosted their target price on Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $358.53.

Talen Energy Trading Up 1.5%

Shares of NASDAQ TLN traded up $6.16 during mid-day trading on Monday, hitting $429.72. The company's stock had a trading volume of 856,287 shares, compared to its average volume of 1,157,864. The stock has a market cap of $19.63 billion, a price-to-earnings ratio of 73.41, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. 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 one year low of $148.02 and a one year high of $430.71. The company's fifty day simple moving average is $369.81 and its 200-day simple moving average is $282.20.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued 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 for 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%. On average, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Talen Energy 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.