Insider Selling: Talen Energy (NASDAQ:TLN) SVP Sells $1,264,190.22 in Stock

Key Points

• SVP Edward Casulli sold 3,303 Talen Energy shares for about $1.26 million at an average price of $382.74, reducing his position by 45.84% to 3,902 shares.
• Talen reported quarterly EPS of $2.88, below analysts’ $8.33 consensus, while revenue of $1.33 billion topped estimates of $1.30 billion.
• Analysts hold a consensus Moderate Buy rating, with an average price target of $458.69; shares recently traded at $376.01.

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) SVP Edward Casulli sold 3,303 shares of Talen Energy stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $382.74, for a total transaction of $1,264,190.22. Following the completion of the transaction, the senior vice president owned 3,902 shares in the company, valued at $1,493,451.48. This trade represents a 45.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Talen Energy Stock Performance

Talen Energy stock traded down $10.67 on Friday, reaching $376.01. 1,013,700 shares of the stock were exchanged, compared to its average volume of 879,633. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 5.95. Talen Energy Corporation has a twelve month low of $279.77 and a twelve month high of $449.84. The firm has a fifty day moving average price of $333.25 and a two-hundred day moving average price of $348.54. The stock has a market cap of $16.36 billion, a PE ratio of -67.87 and a beta of 1.77.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The utilities provider reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.33 by ($5.45). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. Talen Energy had a negative net margin of 6.43% and a positive return on equity of 53.70%. During the same period in the prior year, the business posted $4.25 earnings per share. Sell-side analysts anticipate that Talen Energy Corporation will post 15.26 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Talen Energy during the second quarter worth about $1,673,803,000. MFN Partners Management LP bought a new position in Talen Energy during the second quarter valued at about $1,152,780,000. William Blair Investment Management LLC raised its holdings in Talen Energy by 36.2% in the 3rd quarter. William Blair Investment Management LLC now owns 677,759 shares of the utilities provider's stock valued at $211,928,000 after acquiring an additional 180,099 shares in the last quarter. Carronade Capital Management LP raised its holdings in Talen Energy by 11.6% in the 1st quarter. Carronade Capital Management LP now owns 644,484 shares of the utilities provider's stock valued at $205,739,000 after acquiring an additional 67,245 shares in the last quarter. Finally, Two Seas Capital LP acquired a new position in Talen Energy in the 2nd quarter valued at approximately $194,900,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on TLN. Mizuho initiated coverage on Talen Energy in a report on Monday, August 24th. They issued an "outperform" rating and a $405.00 target price on the stock. Weiss Ratings lowered Talen Energy from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 18th. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a report on Saturday, November 7th. Wells Fargo & Company reduced their price objective on Talen Energy from $501.00 to $479.00 and set an "overweight" rating for the company in a research report on Wednesday, October 28th. Finally, TD Cowen began coverage on Talen Energy in a research report on Thursday, October 22nd. They issued a "buy" rating and a $475.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $458.69.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generation facilities in the United States. Its portfolio includes nuclear, natural gas, coal, oil and hydroelectric assets, with the Susquehanna nuclear power plant in Pennsylvania among its major facilities. The company sells electricity and related products, including capacity and ancillary services, primarily through wholesale power markets. Its operations are concentrated in the Mid-Atlantic region served by PJM Interconnection, with additional generation assets in other U.S. markets.

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