Jefferies Financial Group Inc. Acquires Shares of 15,952 Talen Energy Corporation (NASDAQ:TLN)

Key Points

• Jefferies Financial Group Inc. acquired 15,952 shares of Talen Energy Corporation, valued at approximately $3,185,000, during the first quarter.
• Several other institutional investors have increased their stakes in Talen Energy, with Lone Pine Capital LLC growing its position by 27.2% and Fred Alger Management LLC by 152.9% in the last quarter.
• Talen Energy reported earnings per share (EPS) of $0.82 for the last quarter, missing consensus estimates and generating $390 million in revenue, below expectations of $556.93 million.

Jefferies Financial Group Inc. acquired a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 15,952 shares of the utilities provider's stock, valued at approximately $3,185,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Signaturefd LLC lifted its holdings in Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 93 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Talen Energy during the 1st quarter valued at about $35,000. LRI Investments LLC increased its stake in shares of 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 acquiring an additional 111 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Talen Energy during the 1st quarter valued at about $35,000. Finally, IFP Advisors Inc increased its stake 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 valued at $38,000 after acquiring an additional 56 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TLN has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Sunday. Raymond James Financial initiated coverage on shares of Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 target price for the company. Jefferies Financial Group increased their price objective 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. Finally, Barclays increased their price objective on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Talen Energy currently has a consensus rating of "Moderate Buy" and an average price target of $292.58.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the transaction, the insider directly owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 388,530 shares of company stock worth $114,090,933 over the last quarter.

Talen Energy Stock Performance

NASDAQ TLN traded down $3.67 during trading hours on Tuesday, hitting $387.01. The company had a trading volume of 143,417 shares, compared to its average volume of 1,182,828. Talen Energy Corporation has a fifty-two week low of $113.41 and a fifty-two week high of $394.07. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52. The business has a fifty day simple moving average of $292.02 and a 200-day simple moving average of $242.76. The firm has a market cap of $17.61 billion, a P/E ratio of 40.07, a price-to-earnings-growth ratio of 3.15 and a beta of 1.90.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.35). The company had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. Equities analysts predict that Talen Energy Corporation will post 15.94 EPS for the current 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.