NINE MASTS CAPITAL Ltd Invests $961,000 in Talen Energy Corporation $TLN

NINE MASTS CAPITAL Ltd acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,500 shares of the utilities provider’s stock, valued at approximately $961,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management boosted its holdings in Talen Energy by 3.6% during the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock valued at $334,000 after acquiring an additional 36 shares during the period. Daiwa Securities Group Inc. grew its position in Talen Energy by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 36 shares in the last quarter. Compound Planning Inc. increased its stake in Talen Energy by 4.7% during the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after purchasing an additional 39 shares during the period. Finally, Values First Advisors Inc. lifted its position in shares of Talen Energy by 4.7% during the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Insider Transactions at Talen Energy

In related news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the transaction, the director owned 2,606 shares in the company, valued at $990,280. The trade was a 49.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.78% of the stock is owned by corporate insiders.

Talen Energy Price Performance

TLN stock opened at $356.92 on Tuesday. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55. The firm has a market capitalization of $17.10 billion, a P/E ratio of -85.59 and a beta of 1.90. The business’s 50-day moving average is $371.73 and its two-hundred day moving average is $358.31. Talen Energy Corporation has a 1 year low of $301.45 and a 1 year high of $451.28.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%.The company had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. Analysts anticipate that Talen Energy Corporation will post 25.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TLN has been the subject of several recent research reports. Zacks Research raised shares of Talen Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Barclays cut their target price on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 28th. Morgan Stanley reiterated an “overweight” rating and set a $508.00 target price on shares of Talen Energy in a report on Wednesday, June 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Talen Energy in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company boosted their price target on shares of Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $476.58.

Talen Energy 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).