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

Talen Energy Corporation (NASDAQ:TLN) was the recipient of unusually large options trading on Tuesday. Stock traders bought 6,812 call options on the company. This is an increase of approximately 115% compared to the typical volume of 3,165 call options.

Institutional Trading of Talen Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Talen Energy in the fourth quarter valued at approximately $27,000. Assetmark Inc. increased its position in shares of Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Talen Energy in the third quarter valued at approximately $34,000. Advisory Services Network LLC purchased a new stake in shares of Talen Energy in the third quarter valued at approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after buying an additional 90 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TLN shares. Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. decreased their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. BNP Paribas Exane started coverage on Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target for the company. Finally, Barclays boosted their price target on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and a consensus price target of $448.58.

Talen Energy Stock Performance

NASDAQ:TLN traded up $27.57 during trading hours on Tuesday, reaching $413.78. The company had a trading volume of 710,166 shares, compared to its average volume of 798,185. Talen Energy has a 1-year low of $255.50 and a 1-year high of $451.28. The firm has a market cap of $18.79 billion, a PE ratio of -616.18 and a beta of 1.81. The business’s 50 day moving average price is $358.16 and its 200-day moving average price is $358.23. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05.

Talen Energy Company Profile

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).