Talen Energy Corporation $TLN Stock Holdings Raised by Apis Capital Advisors LLC

Key Points

• Apis Capital Advisors LLC increased its stake in Talen Energy Corporation by 6.2%, owning 113,400 shares worth approximately $22.64 million, making it the firm's second-largest holding.
• Talen Energy's latest earnings report revealed earnings per share of $1.50, significantly surpassing estimates, with revenue of $630 million compared to an expected $481.48 million.
• Recent analyst upgrades included price target increases from Barclays, Morgan Stanley, and Jefferies, with Barclay's target rising to $418.00 and a general consensus rating of "Buy."

Apis Capital Advisors LLC increased its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,400 shares of the utilities provider's stock after acquiring an additional 6,600 shares during the quarter. Talen Energy accounts for approximately 11.0% of Apis Capital Advisors LLC's portfolio, making the stock its 2nd largest position. Apis Capital Advisors LLC owned approximately 0.25% of Talen Energy worth $22,643,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Talen Energy by 75.8% in the 1st quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider's stock valued at $3,495,000 after acquiring an additional 7,547 shares in the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Talen Energy in the 1st quarter valued at $285,000. Thoroughbred Financial Services LLC bought a new stake in shares of Talen Energy in the 1st quarter valued at $756,000. TCW Group Inc. bought a new stake in shares of Talen Energy in the 1st quarter valued at $9,266,000. Finally, Principal Financial Group Inc. increased its stake in shares of Talen Energy by 114.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock valued at $717,000 after acquiring an additional 1,920 shares in the last quarter. Institutional investors own 0.38% of the company's stock.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the sale, the insider directly owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 388,530 shares of company stock valued at $114,090,933. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

TLN has been the subject of several research reports. Susquehanna reissued an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Raymond James Financial assumed coverage on shares of Talen Energy in a research report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target for the company. Oppenheimer set a $315.00 price objective on shares of Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Melius assumed coverage on shares of Talen Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Talen Energy from $353.00 to $418.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Talen Energy has an average rating of "Buy" and an average target price of $316.00.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $2.68 during midday trading on Thursday, reaching $380.44. The company had a trading volume of 523,793 shares, compared to its average volume of 1,191,718. The company's 50 day moving average price is $338.64 and its 200 day moving average price is $264.16. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. The stock has a market cap of $17.38 billion, a P/E ratio of 107.77, a P/E/G ratio of 2.61 and a beta of 1.89. Talen Energy Corporation has a 52-week low of $137.55 and a 52-week high of $394.25.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The company had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. As a group, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.