DRW Securities LLC Cuts Position in Talen Energy Corporation $TLN

DRW Securities LLC lessened its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 73.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,200 shares of the utilities provider’s stock after selling 14,750 shares during the quarter. DRW Securities LLC’s holdings in Talen Energy were worth $1,038,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock valued at $25,000 after buying an additional 93 shares in the last quarter. Brooklyn Investment Group purchased a new position in Talen Energy during the 1st quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new position in Talen Energy during the 1st quarter valued at approximately $35,000. LRI Investments LLC grew its holdings in Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock valued at $35,000 after buying an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in Talen Energy during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on TLN. Raymond James Financial began coverage on Talen Energy in a report on Friday, June 13th. They set an “outperform” rating and a $314.00 price target for the company. Melius began coverage on Talen Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $427.00 target price for the company. Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a report on Monday, August 11th. Melius Research began coverage on Talen Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $427.00 target price for the company. Finally, UBS Group set a $431.00 target price on Talen Energy and gave the stock a “buy” rating in a report on Friday, July 25th. Sixteen equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $316.00.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $378.92 on Monday. The stock’s fifty day moving average is $333.48 and its two-hundred day moving average is $261.63. The company has a market capitalization of $17.31 billion, a PE ratio of 107.34, a price-to-earnings-growth ratio of 2.61 and a beta of 1.89. 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 Corporation has a 52 week low of $137.50 and a 52 week high of $394.25.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of ($1.13) by $2.63. The company had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%. As a group, analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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 on 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 of the company’s stock, valued at $1,697,780,518.80. This represents a 3.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 388,530 shares of company stock valued at $114,090,933.

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.