Key Points
- Talen Energy SVP Edward Casulli sold 3,303 shares at an average price of $382.74, totaling about $1.26 million. He retained 3,902 shares after the sale, a 45.84% reduction in his direct holdings.
- For the latest quarter, Talen reported EPS of $2.88, below analysts’ $8.33 consensus, while revenue of $1.33 billion exceeded expectations of $1.30 billion.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $458.69; shares were trading at $376.01 in Friday’s mid-day session.
Talen Energy Corporation (NASDAQ:TLN - Get Free Report) SVP Edward Casulli sold 3,303 shares of the firm's stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $382.74, for a total transaction of $1,264,190.22. Following the completion of the sale, the senior vice president directly owned 3,902 shares in the company, valued at $1,493,451.48. This represents a 45.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Talen Energy Price Performance
Talen Energy stock traded down $10.67 during mid-day trading on Friday, hitting $376.01. 1,013,703 shares of the company traded hands, compared to its average volume of 1,111,162. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.65 and a current ratio of 0.89. Talen Energy Corporation has a one year low of $279.77 and a one year high of $449.84. The stock has a market cap of $16.36 billion, a price-to-earnings ratio of -67.87 and a beta of 1.77. The stock has a fifty day moving average price of $334.66 and a 200-day moving average price of $348.62.
Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The utilities provider reported $2.88 EPS for the quarter, missing analysts' consensus estimates of $8.33 by ($5.45). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. Talen Energy had a positive return on equity of 53.70% and a negative net margin of 6.43%. During the same period in the previous year, the company earned $4.25 EPS. On average, equities analysts predict that Talen Energy Corporation will post 15.26 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. FORA Capital LLC bought a new stake in shares of Talen Energy in the 3rd quarter valued at about $397,000. Pathstone Holdings LLC boosted its holdings in Talen Energy by 272.0% during the 3rd quarter. Pathstone Holdings LLC now owns 5,535 shares of the utilities provider's stock valued at $1,720,000 after acquiring an additional 4,047 shares during the period. Empowered Funds LLC boosted its holdings in Talen Energy by 91.9% during the 3rd quarter. Empowered Funds LLC now owns 30,289 shares of the utilities provider's stock valued at $9,471,000 after acquiring an additional 14,509 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Talen Energy during the 3rd quarter valued at about $5,800,000. Finally, HighVista Strategies LLC boosted its holdings in Talen Energy by 85.9% during the 3rd quarter. HighVista Strategies LLC now owns 15,151 shares of the utilities provider's stock valued at $4,738,000 after acquiring an additional 7,003 shares during the period. 0.38% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have issued reports on TLN. Mizuho began coverage on Talen Energy in a research note on Monday, August 24th. They set an "outperform" rating and a $405.00 price target for the company. TD Cowen began coverage on Talen Energy in a report on Thursday, October 22nd. They issued a "buy" rating and a $475.00 price objective for the company. Bank of America reiterated a "buy" rating on shares of Talen Energy in a research report on Tuesday, October 27th. The Goldman Sachs Group reissued a "buy" rating and set a $509.00 price objective on shares of Talen Energy in a report on Monday, August 10th. Finally, Zacks Research downgraded Talen Energy from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 22nd. Twelve research 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's stock. Based on data from MarketBeat, Talen Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $458.69.
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About Talen Energy
(
Get Free Report)
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.
Further Reading
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