Talen Energy Corporation $TLN Shares Acquired by Situational Awareness LP

Key Points

• Situational Awareness LP increased its holdings in Talen Energy Corporation by 6.9%, making it the firm's 10th largest investment, currently valued at approximately $29.63 million.
• Talen Energy reported a substantial earnings report, with $1.50 earnings per share, exceeding expectations by $2.63, alongside revenue of $630 million against forecasts of $481.48 million.
• The company's stock is currently rated as a Buy by several analysts, with a consensus price target of $316, indicating positive outlook among equity researchers.

Situational Awareness LP grew its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,395 shares of the utilities provider's stock after acquiring an additional 9,517 shares during the quarter. Talen Energy accounts for about 2.9% of Situational Awareness LP's investment portfolio, making the stock its 10th largest holding. Situational Awareness LP owned about 0.33% of Talen Energy worth $29,630,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in shares of Talen Energy by 500.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,925 shares of the utilities provider's stock worth $589,000 after buying an additional 2,438 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Talen Energy by 7,285.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 517 shares of the utilities provider's stock worth $104,000 after buying an additional 510 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Talen Energy by 23.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,797 shares of the utilities provider's stock worth $3,183,000 after buying an additional 3,000 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Talen Energy during the fourth quarter worth about $637,000. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Talen Energy during the fourth quarter worth about $912,000. 0.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm'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 of the company's stock, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold 388,530 shares of company stock valued at $114,090,933 over the last ninety days.

Analysts Set New Price Targets

A number of research firms recently issued reports on TLN. Oppenheimer set a $315.00 price objective on Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. UBS Group set a $431.00 price objective on Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Barclays increased their price objective on Talen Energy from $353.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. 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 target for the company. Finally, Morgan Stanley raised their price target on Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Talen Energy currently has an average rating of "Buy" and a consensus target price of $316.00.

Talen Energy Stock Performance

Shares of TLN traded down $9.30 during mid-day trading on Friday, reaching $378.92. The company's stock had a trading volume of 1,200,932 shares, compared to its average volume of 1,288,250. Talen Energy Corporation has a 1-year low of $137.50 and a 1-year high of $394.25. The stock has a market cap of $17.31 billion, a P/E ratio of 107.34, a PEG ratio of 2.61 and a beta of 1.89. The business has a 50-day simple moving average of $333.48 and a two-hundred day simple moving average of $261.63. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The company had revenue of $630.00 million during the quarter, compared to analysts' expectations of $481.48 million. As a group, equities research 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.