Ripple Effect Asset Management LP Cuts Stock Position in Talen Energy Corporation $TLN

Key Points

• Ripple Effect Asset Management LP reduced its shareholding in Talen Energy Corporation by 38.5% during the first quarter, now holding 61,500 shares valued at approximately $12.28 million.
• Institutional investors are actively modifying their stakes, with notable increases from Fred Alger Management LLC (152.9%) and Ameriprise Financial Inc. (6,621.1%) in the fourth quarter and first quarter, respectively.
• Talen Energy recently reported strong quarterly earnings of $1.50 earnings per share, significantly exceeding analyst expectations of (1.13), alongside revenues of $630 million.

Ripple Effect Asset Management LP trimmed its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,500 shares of the utilities provider's stock after selling 38,500 shares during the quarter. Talen Energy makes up about 3.5% of Ripple Effect Asset Management LP's portfolio, making the stock its 4th biggest position. Ripple Effect Asset Management LP owned 0.14% of Talen Energy worth $12,280,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fred Alger Management LLC increased its stake in shares of Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after buying an additional 577,257 shares during the period. Carronade Capital Management LP boosted its holdings in Talen Energy by 12.0% in the fourth quarter. Carronade Capital Management LP now owns 447,886 shares of the utilities provider's stock worth $90,236,000 after acquiring an additional 47,886 shares in the last quarter. American Century Companies Inc. grew its position in Talen Energy by 39.9% during the 1st quarter. American Century Companies Inc. now owns 399,604 shares of the utilities provider's stock worth $79,789,000 after purchasing an additional 113,995 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Talen Energy by 6,621.1% in the 1st quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock valued at $60,638,000 after acquiring an additional 299,143 shares during the period. Finally, Encompass Capital Advisors LLC purchased a new position in shares of Talen Energy in the fourth quarter worth about $48,333,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays raised their price target on shares of Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a research report on Wednesday, August 13th. UBS Group set a $431.00 price target on shares of Talen Energy and gave the company a "buy" rating in a research report on Friday, July 25th. Oppenheimer set a $315.00 price objective on shares of Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. Melius Research started coverage on Talen Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $427.00 target price for the company. Finally, Melius assumed coverage on shares of Talen Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $427.00 target price for the company. Sixteen research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $316.00.

Talen Energy Stock Up 6.5%

Shares of NASDAQ TLN opened at $378.79 on Wednesday. Talen Energy Corporation has a 12-month low of $137.50 and a 12-month high of $394.07. The company has a market cap of $17.31 billion, a P/E ratio of 107.31, a P/E/G ratio of 2.44 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. The stock has a fifty day moving average price of $327.89 and a 200 day moving average price of $258.43.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping 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%. Research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 388,530 shares of company stock valued at $114,090,933.

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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