Moore Capital Management LP Has $11.53 Million Stake in Talen Energy Corporation $TLN

Moore Capital Management LP raised its holdings in Talen Energy Corporation (NASDAQ:TLN) by 33.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,000 shares of the utilities provider’s stock after acquiring an additional 7,500 shares during the quarter. Moore Capital Management LP’s holdings in Talen Energy were worth $11,528,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TLN. BlackRock Inc. acquired a new position in Talen Energy during the second quarter valued at approximately $1,673,803,000. MFN Partners Management LP acquired a new position in Talen Energy in the 2nd quarter valued at approximately $1,152,780,000. Fred Alger Management LLC lifted its position in Talen Energy by 8.4% in the fourth quarter. Fred Alger Management LLC now owns 1,804,094 shares of the utilities provider’s stock worth $676,247,000 after purchasing an additional 140,345 shares during the period. Reaves W H & Co. Inc. boosted its position in shares of Talen Energy by 7.9% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,521,697 shares of the utilities provider’s stock valued at $570,393,000 after acquiring an additional 111,160 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Talen Energy by 35.6% during the fourth quarter. Invesco Ltd. now owns 1,441,381 shares of the utilities provider’s stock valued at $540,287,000 after purchasing an additional 378,357 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

TLN has been the subject of a number of analyst reports. 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. Jefferies Financial Group lowered their target price on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Barclays cut their price target on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a report on Tuesday, July 28th. Morgan Stanley reduced their price target on shares of Talen Energy from $508.00 to $503.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Finally, Wall Street Zen cut shares of Talen Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $466.86.

Talen Energy Stock Performance

Shares of TLN opened at $296.11 on Monday. Talen Energy Corporation has a 12-month low of $294.75 and a 12-month high of $451.28. The stock’s fifty day simple moving average is $358.05 and its 200-day simple moving average is $356.15. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The firm has a market capitalization of $14.19 billion, a PE ratio of -71.01 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The business had revenue of $747.00 million for the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. As a group, research analysts predict that Talen Energy Corporation will post 21.99 earnings per share for the current year.

Insider Transactions at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the transaction, the director directly owned 2,606 shares in the company, valued at approximately $990,280. The trade was a 49.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.78% of the company’s stock.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).