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

Talen Energy Corporation (NASDAQ:TLNGet Free Report) was the target of some unusual options trading on Friday. Investors acquired 6,613 call options on the company. This is an increase of 74% compared to the average volume of 3,806 call options.

Talen Energy Stock Performance

Shares of NASDAQ TLN traded down $3.77 during midday trading on Friday, reaching $313.22. 178,545 shares of the stock were exchanged, compared to its average volume of 823,106. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of -75.11 and a beta of 1.90. Talen Energy has a twelve month low of $301.45 and a twelve month high of $451.28. The firm has a 50-day simple moving average of $370.07 and a two-hundred day simple moving average of $357.47. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82.

Talen Energy (NASDAQ:TLNGet Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The firm had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $832.81 million. As a group, analysts anticipate that Talen Energy will post 25.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on TLN. Barclays dropped their price objective on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a report on Tuesday, July 28th. Wells Fargo & Company raised their target price on shares of Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and set a $509.00 target price on shares of Talen Energy in a research report on Monday, August 10th. Wall Street Zen lowered shares of Talen Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings downgraded Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and a consensus price target of $477.58.

View Our Latest Research Report on TLN

Insider Activity

In other news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the transaction, the director directly owned 2,606 shares in the company, valued at $990,280. This trade represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.78% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TLN. Oppenheimer Asset Management Inc. acquired a new stake in Talen Energy during the 2nd quarter worth approximately $4,132,000. Oppenheimer & Co. Inc. increased its holdings in shares of Talen Energy by 400.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 14,105 shares of the utilities provider’s stock valued at $5,287,000 after purchasing an additional 11,287 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Talen Energy by 116.8% during the fourth quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider’s stock worth $2,419,000 after purchasing an additional 3,477 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Talen Energy during the second quarter worth approximately $1,213,000. Finally, 180 GPS Investments IC Ltd purchased a new stake in shares of Talen Energy during the second quarter worth approximately $8,636,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Company Profile

(Get Free Report)

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).

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