Sandler Capital Management Buys New Stake in Talen Energy Corporation $TLN

Key Points

• Sandler Capital Management acquired 24,551 shares of Talen Energy Corporation, valued at approximately $4.9 million, making it the firm's 21st biggest holding.
• Talen Energy's shares have seen a price increase of 2.3%, opening at $389.19, with a market cap of $17.78 billion.
• The company reported earnings of $1.50 per share for the last quarter, significantly exceeding analysts' expectations of a loss, along with a revenue of $630 million.

Sandler Capital Management 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 24,551 shares of the utilities provider's stock, valued at approximately $4,902,000. Talen Energy comprises about 1.2% of Sandler Capital Management's portfolio, making the stock its 21st biggest holding. Sandler Capital Management owned about 0.05% of Talen Energy as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Philosophy Capital Management LLC grew its stake in shares of Talen Energy by 7.7% in the first quarter. Philosophy Capital Management LLC now owns 193,788 shares of the utilities provider's stock valued at $38,694,000 after buying an additional 13,788 shares in the last quarter. PointState Capital LP acquired a new position in Talen Energy in the first quarter valued at about $75,148,000. NewEdge Advisors LLC raised its stake in Talen Energy by 17,400.0% in the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider's stock valued at $175,000 after purchasing an additional 870 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Talen Energy by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider's stock worth $1,454,000 after acquiring an additional 761 shares in the last quarter. Finally, Interval Partners LP acquired a new position in Talen Energy during the first quarter worth about $670,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Performance

Shares of NASDAQ TLN traded up $10.21 during trading on Tuesday, hitting $393.70. The company had a trading volume of 301,955 shares, compared to its average volume of 1,181,934. The stock has a 50 day simple moving average of $344.10 and a 200 day simple moving average of $267.56. The firm has a market capitalization of $17.99 billion, a P/E ratio of 111.68, a price-to-earnings-growth ratio of 2.68 and a beta of 1.89. Talen Energy Corporation has a 12 month low of $145.05 and a 12 month high of $398.78. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The business had revenue of $630.00 million during the quarter, compared to analysts' expectations of $481.48 million. As a group, analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 388,530 shares of company stock valued at $114,090,933.

Analyst Ratings Changes

A number of analysts have weighed in on TLN shares. Susquehanna reissued an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Melius started coverage on Talen Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $427.00 target price on the stock. Raymond James Financial started coverage on Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective on the stock. Morgan Stanley boosted their price objective on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Oppenheimer set a $315.00 price objective on Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Fifteen research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $326.08.

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.