Talen Energy Corporation $TLN Shares Acquired by Tidal Investments LLC

Key Points

• Tidal Investments increased its Talen Energy stake by 84.7% in the second quarter, purchasing 21,406 additional shares for a total holding of 46,686 shares valued at approximately $17.94 million.
• Talen Energy shares opened at $311.54, down 2.5%, after the company reported a quarterly loss of $2.00 per share and revenue of $747 million, both below analyst expectations.
• Analysts maintain a generally positive outlook, with eight Buy ratings, three Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $459.17.

Tidal Investments LLC raised its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 84.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,686 shares of the utilities provider's stock after buying an additional 21,406 shares during the period. Tidal Investments LLC owned about 0.10% of Talen Energy worth $17,940,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ritholtz Wealth Management lifted its position in shares of Talen Energy by 3.6% during the 1st 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 during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Talen Energy by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider's stock worth $252,000 after acquiring an additional 36 shares in the last quarter. Compound Planning Inc. grew its holdings 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 acquiring an additional 38 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings 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 worth $3,832,000 after acquiring an additional 39 shares during the last quarter. Finally, Values First Advisors Inc. raised 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 period. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Down 2.5%

Shares of Talen Energy stock opened at $311.54 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. Talen Energy Corporation has a 1 year low of $288.58 and a 1 year high of $451.28. The stock has a 50-day moving average price of $342.09 and a 200 day moving average price of $352.09. The company has a market cap of $14.93 billion, a P/E ratio of -74.71 and a beta of 1.84.

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

Insiders Place Their Bets

In other Talen Energy news, Director Gizman Abbas sold 2,600 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director owned 2,606 shares in the company, valued at $990,280. This represents a 49.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.78% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Mizuho began coverage on Talen Energy in a report on Monday, August 24th. They set an "outperform" rating and a $405.00 target price for the company. BNP Paribas Exane reissued an "outperform" rating and issued a $560.00 price target on shares of Talen Energy in a research note on Wednesday, August 19th. Scotiabank boosted their price objective on Talen Energy from $463.00 to $470.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 15th. Wells Fargo & Company upped their price objective on shares of Talen Energy from $482.00 to $501.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Finally, Barclays decreased their target price on shares of Talen Energy from $411.00 to $408.00 and set an "overweight" rating for the company in a report on Tuesday, July 28th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $459.17.

Talen Energy Company Profile

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company's principal business activities include generating and selling electricity, capacity, and ancillary services. Talen's nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.

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.