Maple Rock Capital Partners Inc. Makes New $30.86 Million Investment in Talen Energy Corporation $TLN

Maple Rock Capital Partners Inc. purchased a new stake in Talen Energy Corporation (NASDAQ:TLN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 80,300 shares of the utilities provider’s stock, valued at approximately $30,856,000. Maple Rock Capital Partners Inc. owned about 0.17% of Talen Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TLN. Advisory Services Network LLC acquired a new position in shares of Talen Energy in the third quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. increased its position in Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 90 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Talen Energy during the 2nd quarter valued at approximately $38,000. Bessemer Group Inc. increased its position in Talen Energy by 404.0% during the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 101 shares during the period. Finally, Silvant Capital Management LLC bought a new position in Talen Energy during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays reduced their price objective 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 lowered their target price on shares of Talen Energy from $508.00 to $503.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Wells Fargo & Company boosted their target price on shares of Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Jefferies Financial Group cut their price target on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Finally, Wall Street Zen downgraded Talen Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and an average target price of $466.86.

Talen Energy Price Performance

Talen Energy stock opened at $295.76 on Tuesday. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of -70.93 and a beta of 1.90. Talen Energy Corporation has a 52-week low of $292.26 and a 52-week high of $451.28. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The stock’s 50 day moving average price is $355.20 and its two-hundred day moving average price is $355.71.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data 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 company had revenue of $747.00 million during the quarter, compared to the consensus estimate of $832.81 million. On average, equities analysts predict that Talen Energy Corporation will post 21.99 earnings per share for the current year.

Insider Buying and Selling

In other Talen Energy 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 completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.78% of the company’s stock.

Talen Energy Company 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).