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

Maple Rock Capital Partners Inc. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 80,300 shares of the utilities provider’s stock, valued at approximately $30,856,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TLN. Amundi bought a new position in shares of Talen Energy in the 1st quarter worth $299,000. AQR Capital Management LLC bought a new stake in Talen Energy during the 1st quarter valued at $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Talen Energy by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after buying an additional 761 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Talen Energy by 17,400.0% during the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after buying an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Talen Energy by 15.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock valued at $9,794,000 after buying an additional 6,498 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Insider Transactions at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $990,280. This represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

TLN has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a report on Tuesday, July 28th. 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. Wells Fargo & Company raised their price target on shares of Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Wall Street Zen downgraded Talen Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, New Street Research set a $405.00 price objective on Talen Energy in a report on Monday, August 24th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $466.86.

Talen Energy Price Performance

TLN opened at $295.76 on Tuesday. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of -70.93 and a beta of 1.90. The firm’s fifty day moving average price is $355.20 and its two-hundred day moving average price is $355.71. Talen Energy Corporation has a 1 year low of $292.26 and a 1 year high of $451.28.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS 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 during the quarter, compared to analysts’ expectations of $832.81 million. As a group, analysts anticipate that Talen Energy Corporation will post 21.99 earnings per share for the current fiscal year.

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).