Talen Energy Corporation (NASDAQ:TLN) Sees Significant Increase in Short Interest

Talen Energy Corporation (NASDAQ:TLN) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,213,646 shares, an increase of 68.2% from the September 30th total of 2,504,938 shares. Currently, 8.9% of the shares of the stock are sold short. Based on an average trading volume of 1,366,669 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TLN. Chicago Partners Investment Group LLC lifted its stake in shares of Talen Energy by 26.2% during the third quarter. Chicago Partners Investment Group LLC now owns 2,406 shares of the utilities provider’s stock valued at $789,000 after acquiring an additional 499 shares during the period. Blue Bell Private Wealth Management LLC bought a new stake in Talen Energy during the 3rd quarter worth about $246,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Talen Energy during the 3rd quarter valued at about $92,000. Vise Technologies Inc. lifted its position in Talen Energy by 163.3% during the 3rd quarter. Vise Technologies Inc. now owns 1,943 shares of the utilities provider’s stock valued at $608,000 after purchasing an additional 1,205 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Talen Energy by 2.7% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,680 shares of the utilities provider’s stock valued at $4,278,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

TLN opened at $343.12 on Monday. 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 stock has a market capitalization of $16.44 billion, a PE ratio of -82.28 and a beta of 1.76. Talen Energy has a 1-year low of $279.77 and a 1-year high of $449.84. The firm has a 50-day moving average price of $324.54 and a two-hundred day moving average price of $349.58.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. The company had revenue of $959.00 million for the quarter, compared to analyst estimates of $832.81 million. As a group, equities analysts anticipate that Talen Energy will post 18.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TLN. New Street Research set a $405.00 target price on shares of Talen Energy in a report on Monday, August 24th. Wall Street Zen lowered shares of Talen Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Wells Fargo & Company decreased their price objective on shares of Talen Energy from $501.00 to $479.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $509.00 price objective on shares of Talen Energy in a report on Monday, August 10th. Finally, BNP Paribas Exane reiterated an “outperform” rating and issued a $560.00 target price on shares of Talen Energy in a research note on Wednesday, August 19th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and an average target price of $458.69.

Talen Energy Company Profile

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.