Talen Energy Corporation $TLN Shares Acquired by Moore Capital Management LP

Key Points

• Moore Capital Management increased its Talen Energy stake by 33.3% in the second quarter, buying 7,500 additional shares to own 30,000 shares valued at approximately $11.5 million.
• Talen Energy reported a quarterly loss of $2.00 per share, missing analyst expectations by $5.21, while revenue of $747 million also fell short of the $832.81 million consensus estimate.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $466.86, despite TLN opening at $296.11 and trading near its 52-week low.

Moore Capital Management LP boosted its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 33.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the utilities provider's stock after buying an additional 7,500 shares during the quarter. Moore Capital Management LP owned 0.06% of Talen Energy worth $11,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management raised its holdings in Talen Energy by 3.6% in the first quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider's stock valued at $334,000 after acquiring an additional 36 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Talen Energy by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider's stock worth $252,000 after purchasing an additional 36 shares during the last quarter. Compound Planning Inc. increased its position in shares of Talen Energy by 4.7% in the 4th quarter. Compound Planning Inc. now owns 841 shares of the utilities provider's stock worth $315,000 after purchasing an additional 38 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Talen Energy by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider's stock valued at $3,832,000 after purchasing an additional 39 shares in the last quarter. Finally, Values First Advisors Inc. lifted its position in shares of Talen Energy by 4.7% during the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider's stock worth $312,000 after purchasing an additional 44 shares during the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Price Performance

TLN opened at $296.11 on Monday. Talen Energy Corporation has a one year low of $294.75 and a one year high of $451.28. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The company has a market capitalization of $14.19 billion, a PE ratio of -71.01 and a beta of 1.90. The stock's fifty day moving average is $358.05 and its 200-day moving average is $356.15.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%.The company had revenue of $747.00 million for the quarter, compared to the consensus estimate of $832.81 million. On average, equities analysts predict that Talen Energy Corporation will post 21.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays dropped their price target on Talen Energy from $411.00 to $408.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 28th. Scotiabank boosted their target price on shares of Talen Energy from $463.00 to $470.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 15th. Susquehanna set a $449.00 target price on shares of Talen Energy in a report on Friday, August 7th. Zacks Research downgraded shares of Talen Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target on shares of Talen Energy from $482.00 to $501.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $466.86.

Insider Buying and Selling

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the sale, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.78% of the company's stock.

Talen Energy Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen's asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).

Want to see what other hedge funds are holding TLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talen Energy Corporation (NASDAQ:TLN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.