MFN Partners Management LP Takes Position in Talen Energy Corporation $TLN

MFN Partners Management LP acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,000,000 shares of the utilities provider’s stock, valued at approximately $1,152,780,000. Talen Energy makes up 0.0% of MFN Partners Management LP’s holdings, making the stock its 2nd biggest holding. MFN Partners Management LP owned approximately 6.26% of Talen Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Talen Energy in the second quarter valued at $413,000. Evolve Private Wealth LLC bought a new position in shares of Talen Energy during the second quarter valued at $720,000. Orchard Capital Management LLC bought a new position in shares of Talen Energy in the second quarter worth about $407,000. De Lisle Partners LLP purchased a new stake in Talen Energy in the 2nd quarter worth about $2,276,000. Finally, William Blair Investment Management LLC bought a new stake in Talen Energy during the second quarter valued at about $191,231,000. Institutional investors own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TLN shares. Mizuho assumed coverage on Talen Energy in a report on Monday. They set an “outperform” rating and a $405.00 price target on the stock. New Street Research set a $405.00 price objective on shares of Talen Energy in a research note on Monday. Susquehanna set a $449.00 price objective on shares of Talen Energy in a research note on Friday, August 7th. Wells Fargo & Company lifted their target price on Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings cut Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Talen Energy currently has an average rating of “Moderate Buy” and a consensus target price of $466.86.

Talen Energy Stock Down 2.4%

Shares of TLN traded down $7.26 during mid-day trading on Friday, hitting $297.32. The company’s stock had a trading volume of 372,584 shares, compared to its average volume of 820,771. The company’s 50-day moving average is $360.85 and its 200-day moving average is $356.56. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of -71.30 and a beta of 1.90. Talen Energy Corporation has a 52-week low of $295.62 and a 52-week high of $451.28.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The business had revenue of $747.00 million during the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. On average, equities research analysts forecast that Talen Energy Corporation will post 21.99 EPS for the current fiscal year.

Insider Transactions at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction 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 sale, the director owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.78% of the company’s stock.

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).