Nishkama Capital LLC Invests $32.24 Million in Talen Energy Corporation $TLN

Key Points

• Nishkama Capital LLC acquired a new stake in Talen Energy, purchasing 161,483 shares valued at approximately $32.24 million, making Talen Energy 3.4% of its portfolio.
• Several institutional investors, including Ameriprise Financial and Fred Alger Management, have significantly increased their stakes in Talen Energy, indicating heightened investor interest.
• Analysts have recently set new price targets for Talen Energy, with ratings from multiple firms reflecting a consensus average target price of $316.00, with a majority recommending a "buy" rating.

Nishkama Capital LLC bought a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 161,483 shares of the utilities provider's stock, valued at approximately $32,243,000. Talen Energy accounts for approximately 3.4% of Nishkama Capital LLC's investment portfolio, making the stock its 4th biggest holding. Nishkama Capital LLC owned 0.35% of Talen Energy as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Lone Pine Capital LLC increased its position in shares of Talen Energy by 27.2% during the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after acquiring an additional 233,165 shares during the period. Fred Alger Management LLC increased its position in shares of Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after acquiring an additional 577,257 shares during the period. Carronade Capital Management LP increased its position in shares of Talen Energy by 12.0% during the fourth quarter. Carronade Capital Management LP now owns 447,886 shares of the utilities provider's stock worth $90,236,000 after acquiring an additional 47,886 shares during the period. American Century Companies Inc. increased its position in shares of Talen Energy by 39.9% during the first quarter. American Century Companies Inc. now owns 399,604 shares of the utilities provider's stock worth $79,789,000 after acquiring an additional 113,995 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Talen Energy by 6,621.1% during the first quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock worth $60,638,000 after acquiring an additional 299,143 shares during the period. Hedge funds and other institutional investors own 0.38% of the company's stock.

Insider Transactions at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $296.04, for a total value of $52,695,120.00. Following the completion of the transaction, the insider owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 388,530 shares of company stock valued at $114,090,933 in the last three months. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen raised Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Melius Research assumed coverage on Talen Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price objective on the stock. Jefferies Financial Group upped their price objective on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. UBS Group set a $431.00 target price on Talen Energy and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Susquehanna reissued an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Sixteen investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $316.00.

Talen Energy Stock Performance

NASDAQ TLN traded up $6.72 during trading hours on Thursday, hitting $388.22. The company had a trading volume of 1,089,926 shares, compared to its average volume of 1,295,801. 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 Corporation has a 1-year low of $137.50 and a 1-year high of $394.25. The company has a market cap of $17.74 billion, a PE ratio of 66.12, a price-to-earnings-growth ratio of 2.62 and a beta of 1.90. The business has a 50 day moving average of $331.67 and a 200-day moving average of $260.31.

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 (EPS) for the quarter, beating 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 company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. As a group, equities research analysts expect 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.