Talen Energy (NASDAQ:TLN) SVP Edward Casulli Sells 3,303 Shares of Company Stock

Talen Energy Corporation (NASDAQ:TLN) SVP Edward Casulli sold 3,303 shares of the firm’s stock in a transaction 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 transaction, the senior vice president directly owned 3,902 shares in the company, valued at $1,493,451.48. This trade represents a 45.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Talen Energy Stock Down 2.8%

Shares of NASDAQ TLN traded down $10.67 during mid-day trading on Friday, reaching $376.01. 1,013,703 shares of the company’s stock traded hands, compared to its average volume of 1,111,162. The stock has a market cap of $16.36 billion, a P/E ratio of -67.87 and a beta of 1.77. The business has a 50-day simple moving average of $334.66 and a 200 day simple moving average of $348.62. Talen Energy Corporation has a 1-year low of $279.77 and a 1-year high of $449.84. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.89 and a quick ratio of 0.65.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on TLN shares. Canadian Imperial Bank of Commerce decreased their price objective on Talen Energy from $499.00 to $493.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Mizuho assumed 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. Jefferies Financial Group cut their target price on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. New Street Research set a $405.00 price target on Talen Energy in a report on Monday, August 24th. Finally, HSBC began coverage on Talen Energy in a research report on Thursday, October 22nd. They issued a “buy” rating and a $444.30 price target for the company. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Talen Energy has a consensus rating of “Moderate Buy” and a consensus target price of $458.69.

Hedge Funds Weigh In On Talen Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Grove Bank & Trust raised its position in shares of Talen Energy by 40.5% in the third quarter. Grove Bank & Trust now owns 104 shares of the utilities provider’s stock worth $33,000 after buying an additional 30 shares in the last quarter. BOKF NA boosted its stake in Talen Energy by 1.8% during the third quarter. BOKF NA now owns 2,030 shares of the utilities provider’s stock valued at $635,000 after buying an additional 36 shares during the period. Compound Planning Inc. boosted its stake in Talen Energy by 5.7% during the first quarter. Compound Planning Inc. now owns 889 shares of the utilities provider’s stock valued at $284,000 after buying an additional 48 shares during the period. Ancora Advisors LLC grew its position in Talen Energy by 2.2% during the second quarter. Ancora Advisors LLC now owns 2,273 shares of the utilities provider’s stock worth $873,000 after buying an additional 50 shares in the last quarter. Finally, Allworth Financial LP grew its position in Talen Energy by 18.8% during the third quarter. Allworth Financial LP now owns 323 shares of the utilities provider’s stock worth $101,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

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.