Investors Purchase High Volume of Talen Energy Call Options (NASDAQ:TLN)

by · The Markets Daily

Talen Energy Corporation (NASDAQ:TLN – Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders acquired 8,279 call options on the stock. This represents an increase of 142% compared to the average volume of 3,415 call options.

Institutional Trading of Talen Energy

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Talen Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock worth $1,924,061,000 after buying an additional 117,266 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of Talen Energy by 56.3% during the first quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock valued at $297,937,000 after acquiring an additional 537,398 shares during the period. Reaves W H & Co. Inc. grew its position in shares of Talen Energy by 12.6% during the third quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after acquiring an additional 158,047 shares during the last quarter. State Street Corp increased its holdings in shares of Talen Energy by 88.2% in the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after acquiring an additional 627,467 shares during the period. Finally, Lone Pine Capital LLC increased its holdings in shares of Talen Energy by 9.5% in the 3rd quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock worth $507,272,000 after acquiring an additional 103,136 shares during the period. Institutional investors own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TLN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Barclays dropped their price target on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a research report on Tuesday, October 21st. Morgan Stanley cut their price target on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company decreased their price target on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $395.07.

Get Our Latest Analysis on TLN

Talen Energy Stock Performance

Shares of Talen Energy stock traded down $2.20 during trading hours on Friday, reaching $366.62. The company’s stock had a trading volume of 145,084 shares, compared to its average volume of 1,085,155. Talen Energy has a one year low of $158.08 and a one year high of $451.28. The company’s 50 day simple moving average is $391.16 and its 200 day simple moving average is $355.89. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29. The stock has a market cap of $16.75 billion, a P/E ratio of 79.39, a price-to-earnings-growth ratio of 1.95 and a beta of 1.89.

Talen Energy (NASDAQ:TLN – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The business had revenue of $812.00 million during the quarter, compared to the consensus estimate of $707.90 million. During the same quarter in the prior year, the firm earned $3.16 EPS. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, analysts expect that Talen Energy will post 15.94 EPS for the current fiscal year.

About Talen Energy

(Get Free Report)

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.

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