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

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

Institutional Trading of Talen Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in shares of Talen Energy by 9.6% during the third quarter. Alps Advisors Inc. now owns 7,878 shares of the utilities provider’s stock worth $2,463,000 after acquiring an additional 691 shares during the period. CenterBook Partners LP grew its holdings in shares of Talen Energy by 106.7% during the 3rd quarter. CenterBook Partners LP now owns 46,080 shares of the utilities provider’s stock worth $14,409,000 after purchasing an additional 23,783 shares in the last quarter. Heritage Family Offices LLP bought a new position in shares of Talen Energy in the third quarter worth $36,000. ACR Alpine Capital Research LLC lifted its position in Talen Energy by 41.5% during the third quarter. ACR Alpine Capital Research LLC now owns 9,200 shares of the utilities provider’s stock worth $2,877,000 after purchasing an additional 2,700 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in Talen Energy by 1.8% during the third quarter. Kestra Advisory Services LLC now owns 17,375 shares of the utilities provider’s stock worth $5,433,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

TLN opened at $332.99 on Tuesday. The firm has a fifty day moving average price of $324.91 and a 200 day moving average price of $349.36. Talen Energy has a 1 year low of $279.77 and a 1 year high of $449.84. The stock has a market cap of $15.95 billion, a P/E ratio of -79.85 and a beta of 1.82. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55.

Talen Energy (NASDAQ:TLN) last issued its quarterly 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 positive return on equity of 43.32% and a negative net margin of 5.38%. The company had revenue of $959.00 million during the quarter, compared to analysts’ expectations of $832.81 million. Equities research analysts anticipate that Talen Energy will post 18.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BNP Paribas Exane reissued an “outperform” rating and set a $560.00 target price on shares of Talen Energy in a report on Wednesday, August 19th. TD Cowen started coverage on shares of Talen Energy in a report on Thursday, October 22nd. They issued a “buy” rating and a $475.00 price target on the stock. Susquehanna set a $449.00 price target on Talen Energy in a research report on Friday, August 7th. Mizuho started coverage on Talen Energy in a research note on Monday, August 24th. They set an “outperform” rating and a $405.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on Talen Energy from $501.00 to $479.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.