NBC Securities Inc. Boosts Stake in Talen Energy Corporation (NASDAQ:TLN)

NBC Securities Inc. grew its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 106,885.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,978 shares of the utilities provider's stock after acquiring an additional 14,964 shares during the quarter. NBC Securities Inc.'s holdings in Talen Energy were worth $2,990,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Allworth Financial LP boosted its holdings in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Talen Energy during the 4th quarter valued at $37,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy during the 4th quarter valued at $39,000. Empowered Funds LLC bought a new stake in shares of Talen Energy during the 4th quarter valued at $42,000. Finally, State of Wyoming purchased a new position in shares of Talen Energy in the 4th quarter worth about $50,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Stock Down 1.5%

Shares of TLN traded down $3.80 during midday trading on Thursday, reaching $256.20. 123,488 shares of the stock were exchanged, compared to its average volume of 1,077,441. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $263.26. The company's 50 day moving average is $219.80 and its two-hundred day moving average is $216.43. The company has a market capitalization of $11.66 billion, a P/E ratio of 13.72, a PEG ratio of 2.70 and a beta of 1.78. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.35). The firm had revenue of $390.00 million during the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. On average, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TLN shares. Evercore ISI started coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating for the company. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. UBS Group reduced their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $240.18.

About Talen Energy

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.