Talen Energy Target of Unusually Large Options Trading (NASDAQ:TLN)

Talen Energy Corporation (NASDAQ:TLN) saw unusually large options trading activity on Friday. Traders purchased 8,279 call options on the company. This is an increase of approximately 142% compared to the average volume of 3,415 call options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TLN. Grove Bank & Trust purchased a new stake in Talen Energy during the 3rd quarter valued at approximately $32,000. Assetmark Inc. boosted its position in shares of Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Talen Energy during the third quarter valued at $34,000. Advisory Services Network LLC purchased a new position in Talen Energy during the third quarter valued at $35,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Talen Energy in the 2nd quarter valued at $27,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TLN. Morgan Stanley decreased 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 report on Tuesday, October 28th. Wells Fargo & Company reduced their price objective on Talen Energy from $453.00 to $445.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised their target price on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, October 8th. Finally, Melius Research upped their price target on Talen Energy from $427.00 to $576.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $395.07.

Talen Energy Trading Down 3.4%

Shares of Talen Energy stock opened at $356.36 on Friday. Talen Energy has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. 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 company has a market capitalization of $16.28 billion, a P/E ratio of 77.13, a P/E/G ratio of 2.01 and a beta of 1.89. The company has a fifty day moving average of $389.52 and a 200 day moving average of $356.67.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. The business had revenue of $812.00 million for the quarter, compared to the consensus estimate of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The business’s revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.16 earnings per share. On average, sell-side analysts anticipate that Talen Energy will post 15.94 earnings per share for the current fiscal year.

About Talen Energy

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.