Bosun Asset Management LLC Trims Position in Talen Energy Corporation $TLN

Key Points

• Bosun Asset Management LLC decreased its holdings in Talen Energy Corporation (NASDAQ: TLN) by 31.3%, selling 1,139 shares during the first quarter, bringing its total shares to 2,503.
• Talen Energy reported a quarterly earnings per share of $1.50, significantly beating analyst expectations, and generated $630 million in revenue.
• Institutional investors currently own 0.38% of the company's stock, with notable recent buy increases from various firms including a 310.0% boost from Signaturefd LLC.

Bosun Asset Management LLC reduced its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 31.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,503 shares of the utilities provider's stock after selling 1,139 shares during the period. Bosun Asset Management LLC's holdings in Talen Energy were worth $500,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TLN. Fred Alger Management LLC lifted its stake in Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after purchasing an additional 577,257 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Talen Energy by 6,621.1% during the 1st quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock valued at $60,638,000 after buying an additional 299,143 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Talen Energy during the fourth quarter valued at approximately $48,333,000. Nishkama Capital LLC bought a new position in shares of Talen Energy during the first quarter valued at approximately $32,243,000. Finally, BW Gestao de Investimentos Ltda. grew its holdings in shares of Talen Energy by 393.8% during the 1st quarter. BW Gestao de Investimentos Ltda. now owns 161,758 shares of the utilities provider's stock worth $32,298,000 after acquiring an additional 129,002 shares during the period. 0.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TLN has been the topic of a number of recent research reports. Melius started coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $427.00 target price on the stock. Melius Research assumed coverage on Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 price target on the stock. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Raymond James Financial initiated coverage on Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Finally, Jefferies Financial Group upped their target price on Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $326.08.

Talen Energy Price Performance

NASDAQ:TLN traded down $5.79 during trading hours on Monday, hitting $383.40. 915,898 shares of the stock were exchanged, compared to its average volume of 1,187,559. Talen Energy Corporation has a 52-week low of $141.03 and a 52-week high of $394.25. The firm's fifty day moving average price is $342.25 and its 200 day moving average price is $266.41. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The company has a market cap of $17.52 billion, a P/E ratio of 108.61, a P/E/G ratio of 2.68 and a beta of 1.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. As a group, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction dated 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 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 legal filing with the SEC, which can be accessed through this link. Insiders sold 388,530 shares of company stock worth $114,090,933 in the last ninety days.

About Talen Energy

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.