NBC Securities Inc. Raises Holdings in Talen Energy Corporation $TLN

Key Points

• NBC Securities Inc. increased its holdings in Talen Energy Corporation by 5.5%, owning 15,796 shares valued at approximately $4.6 million as of the latest SEC filing.
• Talen Energy's stock recently reported earnings of $1.50 per share, exceeding estimates and generating revenue of $630 million, significantly higher than analysts' predictions.
• Several research firms upgraded Talen Energy, with Barclays raising its price target from $418 to $440 and Morgan Stanley from $330 to $430, both assigning an "overweight" rating.

NBC Securities Inc. grew its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 5.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,796 shares of the utilities provider's stock after purchasing an additional 818 shares during the period. NBC Securities Inc.'s holdings in Talen Energy were worth $4,593,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its stake in Talen Energy by 4.4% during 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 in the last quarter. IFP Advisors Inc raised its stake in Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after buying an additional 56 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Talen Energy by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after buying an additional 88 shares in the last quarter. Signaturefd LLC increased its position in shares of Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after purchasing an additional 93 shares in the last quarter. Finally, LRI Investments LLC increased its position in shares of Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Performance

Shares of TLN stock opened at $402.53 on Monday. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 114.03, a PEG ratio of 1.93 and a beta of 1.89. Talen Energy Corporation has a one year low of $148.02 and a one year high of $410.00. The company's 50-day simple moving average is $353.19 and its 200-day simple moving average is $272.80. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TLN. Barclays raised their price target on Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday. Morgan Stanley lifted their price target on shares of Talen Energy from $330.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Finally, UBS Group set a $431.00 price target on Talen Energy and gave the company a "buy" rating in a report on Friday, July 25th. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $354.29.

Insider Activity 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 transaction, the insider owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 388,530 shares of company stock worth $114,090,933 in the last quarter.

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.

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