Talen Energy (NASDAQ:TLN) Stock Sees Heavy Call Option Buying

Talen Energy Corporation (NASDAQ:TLN) saw unusually large options trading on Wednesday. Stock investors bought 11,219 call options on the company. This represents an increase of approximately 191% compared to the typical daily volume of 3,857 call options.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. 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. Scotiabank raised their price objective on Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. Susquehanna set a $449.00 target price on shares of Talen Energy in a research report on Friday, August 7th. Morgan Stanley boosted their price target on Talen Energy from $503.00 to $514.00 and gave the company an “overweight” rating in a report on Friday, September 18th. Finally, Jefferies Financial Group cut their target price on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $460.08.

Institutional Trading of Talen Energy

Several hedge funds and other institutional investors have recently modified their holdings of TLN. Ritholtz Wealth Management grew its holdings in shares of Talen Energy by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 36 shares during the last quarter. Values First Advisors Inc. boosted its stake in Talen Energy by 4.7% in the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 44 shares in the last quarter. Red Door Wealth Management LLC boosted its stake in Talen Energy by 2.1% in the first quarter. Red Door Wealth Management LLC now owns 2,236 shares of the utilities provider’s stock worth $714,000 after purchasing an additional 45 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of Talen Energy by 5.7% during the first quarter. Compound Planning Inc. now owns 889 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 48 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of Talen Energy by 2.2% during the second quarter. Ancora Advisors LLC now owns 2,273 shares of the utilities provider’s stock worth $873,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Performance

Shares of TLN opened at $323.09 on Friday. Talen Energy has a 52-week low of $279.77 and a 52-week high of $451.28. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The firm has a market capitalization of $15.48 billion, a PE ratio of -77.48 and a beta of 1.82. The firm has a 50-day moving average price of $318.96 and a 200 day moving average price of $347.27.

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). The firm had revenue of $959.00 million for the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. On average, sell-side analysts anticipate that Talen Energy will post 21.99 earnings per share for the current fiscal year.

Talen Energy Company Profile

Talen Energy Corporation (NASDAQ: TLN) is an independent power producer that owns and operates a portfolio of electricity-generation facilities in the United States. The company supplies power and related services to wholesale electricity markets, utilities, commercial customers and other counterparties.

Talen’s generation portfolio includes the Susquehanna nuclear power plant in Pennsylvania, one of the largest nuclear facilities in the country, as well as natural gas-fired and other generating assets.