Talen Energy (NASDAQ:TLN) Stock: Insider Edward Casulli Sells 3,303 Shares

Talen Energy Corporation (NASDAQ:TLN) SVP Edward Casulli sold 3,303 shares of Talen Energy stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $382.74, for a total value of $1,264,190.22. Following the transaction, the senior vice president owned 3,902 shares of the company’s stock, valued at $1,493,451.48. The trade was a 45.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Talen Energy Stock Performance

NASDAQ TLN traded down $10.67 during trading on Friday, reaching $376.01. 1,013,703 shares of the company’s stock were exchanged, compared to its average volume of 1,111,162. The business has a 50 day moving average price of $334.66 and a 200-day moving average price of $348.62. The stock has a market capitalization of $16.36 billion, a P/E ratio of -67.87 and a beta of 1.77. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.89 and a quick ratio of 0.65. Talen Energy Corporation has a fifty-two week low of $279.77 and a fifty-two week high of $449.84.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Tuesday, November 3rd. The utilities provider reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.33 by ($5.45). Talen Energy had a negative net margin of 6.43% and a positive return on equity of 53.70%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company earned $4.25 EPS. Sell-side analysts forecast that Talen Energy Corporation will post 15.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talen Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. FORA Capital LLC bought a new stake in shares of Talen Energy in the third quarter valued at about $397,000. Pathstone Holdings LLC grew its stake in shares of Talen Energy by 272.0% in the third quarter. Pathstone Holdings LLC now owns 5,535 shares of the utilities provider’s stock valued at $1,720,000 after acquiring an additional 4,047 shares in the last quarter. Empowered Funds LLC increased its position in Talen Energy by 91.9% during the third quarter. Empowered Funds LLC now owns 30,289 shares of the utilities provider’s stock worth $9,471,000 after acquiring an additional 14,509 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Talen Energy during the third quarter worth about $5,800,000. Finally, HighVista Strategies LLC increased its position in Talen Energy by 85.9% during the third quarter. HighVista Strategies LLC now owns 15,151 shares of the utilities provider’s stock worth $4,738,000 after acquiring an additional 7,003 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TLN shares. Morgan Stanley decreased their target price on Talen Energy from $514.00 to $504.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Wells Fargo & Company cut their price target on Talen Energy from $501.00 to $479.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $560.00 price target on shares of Talen Energy in a report on Wednesday, August 19th. Weiss Ratings cut shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group decreased their price objective on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $458.69.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generation facilities in the United States. Its portfolio includes nuclear, natural gas, coal, oil and hydroelectric assets, with the Susquehanna nuclear power plant in Pennsylvania among its major facilities. The company sells electricity and related products, including capacity and ancillary services, primarily through wholesale power markets. Its operations are concentrated in the Mid-Atlantic region served by PJM Interconnection, with additional generation assets in other U.S. markets.