Talen Energy Corporation $TLN Shares Sold by Atika Capital Management LLC

Key Points

• Atika Capital Management LLC reduced its stake in Talen Energy Corporation by 16.1%, selling 13,840 shares and now holding 72,160 shares, representing approximately 2.0% of its portfolio.
• Institutional investors, including Signaturefd LLC and Brooklyn Investment Group, have increased their stakes in Talen Energy during the first quarter, indicating growing interest in the stock.
• Talen Energy reported earnings of $1.50 per share, significantly exceeding analyst expectations, with revenue also surpassing estimates at $630 million for the quarter.

Atika Capital Management LLC lowered its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 16.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,160 shares of the utilities provider's stock after selling 13,840 shares during the quarter. Talen Energy accounts for approximately 2.0% of Atika Capital Management LLC's holdings, making the stock its 16th biggest holding. Atika Capital Management LLC owned about 0.16% of Talen Energy worth $14,408,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after buying an additional 93 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Talen Energy in the 1st quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Talen Energy in the 1st quarter valued at about $35,000. LRI Investments LLC raised its stake in shares of Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Talen Energy in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $296.04, for a total value 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 represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is currently owned by corporate insiders.

Talen Energy Price Performance

TLN opened at $360.10 on Thursday. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 102.01, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a fifty-two week low of $136.56 and a fifty-two week high of $394.07. The company's 50-day moving average price is $321.31 and its 200 day moving average price is $254.79. The company has a quick ratio of 1.34, a current ratio of 1.84 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 for the quarter, topping the consensus estimate of ($1.13) by $2.63. The firm had revenue of $630.00 million for 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%. As a group, sell-side analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TLN shares. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a research note on Monday, August 11th. Melius started coverage on shares of Talen Energy in a research note on Wednesday. They issued a "buy" rating and a $427.00 target price on the stock. Barclays upped their target price on shares of Talen Energy from $353.00 to $418.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Jefferies Financial Group upped their target price on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Raymond James Financial began coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $316.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.