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

Talen Energy Corporation (NASDAQ:TLN) was the target of some unusual options trading on Friday. Stock investors acquired 8,279 call options on the company. This represents an increase of approximately 142% compared to the average volume of 3,415 call options.

Talen Energy Stock Down 3.4%

NASDAQ TLN 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 current ratio of 2.29 and a quick ratio of 1.72. The business has a fifty day moving average price of $389.52 and a two-hundred day moving average price of $357.45. The stock has a market capitalization of $16.28 billion, a PE ratio of 77.13, a PEG ratio of 1.94 and a beta of 1.89.

Talen Energy (NASDAQ:TLN) last issued its earnings results 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 firm had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. During the same quarter last year, the business posted $3.16 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis. Equities analysts expect that Talen Energy will post 15.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talen Energy

A number of hedge funds have recently modified their holdings of TLN. MAI Capital Management boosted its holdings in Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 59 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Talen Energy by 8.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 59 shares during the period. Main Management ETF Advisors LLC raised its holdings in Talen Energy by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock worth $1,066,000 after buying an additional 60 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of Talen Energy by 4.8% in the second quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock valued at $401,000 after buying an additional 63 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Talen Energy by 581.8% during 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 during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. Melius initiated coverage on shares of Talen Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Evercore ISI raised their target price on Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, September 9th. Finally, Barclays decreased their price target on Talen Energy from $440.00 to $439.00 and set an “overweight” rating for the company in a research note on Tuesday, October 21st. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $395.07.

Talen Energy Company Profile

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.