Baird Financial Group Inc. Makes New Investment in Talen Energy Corporation $TLN

Key Points

• Baird Financial Group Inc. acquired 10,919 shares of Talen Energy Corporation, valued at approximately $2,180,000, during the first quarter of the year.
• Other investors, such as Ameriprise Financial Inc. and US Bancorp DE, also significantly increased their stakes in Talen Energy, indicating growing institutional interest.
• Talen Energy reported an earnings per share (EPS) of $1.50 for the last quarter, which surpassed analysts' expectations by $2.63, along with a revenue of $630 million.

Baird Financial Group Inc. acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,919 shares of the utilities provider's stock, valued at approximately $2,180,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wedbush Securities Inc. raised its stake in shares of Talen Energy by 4.4% in the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock worth $263,000 after purchasing an additional 55 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after acquiring an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Talen Energy by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after acquiring an additional 88 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares during the period. Finally, LRI Investments LLC grew its holdings in Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after buying an additional 111 shares during the last quarter. Institutional investors own 0.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Oppenheimer set a $315.00 price objective on Talen Energy and gave the company an "outperform" rating in a research report on Friday, July 11th. Morgan Stanley raised their price target on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Melius Research began coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 target price for the company. UBS Group set a $431.00 target price on Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group boosted their price target on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Fifteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $334.93.

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the completion of the sale, the insider directly owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 388,530 shares of company stock worth $114,090,933.

Talen Energy Trading Up 1.5%

Shares of NASDAQ:TLN traded up $5.94 during mid-day trading on Tuesday, reaching $389.43. 966,538 shares of the company were exchanged, compared to its average volume of 1,135,608. The firm's 50-day simple moving average is $346.29 and its 200 day simple moving average is $268.41. Talen Energy Corporation has a 1 year low of $145.05 and a 1 year high of $398.78. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of 110.32, a P/E/G ratio of 2.64 and a beta of 1.89.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. The company had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. Equities research analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Talen Energy 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.