Nuveen LLC Acquires Shares of 60,000 Talen Energy Corporation $TLN

Key Points

• Nuveen LLC has acquired a new stake in Talen Energy Corporation, purchasing 60,000 shares valued at approximately $11.98 million, representing around 0.13% ownership in the company.
• Several hedge funds have increased their investments in Talen Energy, with notable purchases including a stake valued at $9.4 million by Townsquare Capital LLC and a 19.2% increase by Sierra Summit Advisors LLC.
• Analysts have given Talen Energy a consensus rating of "Buy", with expectations for a price target of about $316.00 and recent earnings surpassing estimates by reporting $1.50 EPS against an expected loss.

Nuveen LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 60,000 shares of the utilities provider's stock, valued at approximately $11,980,000. Nuveen LLC owned 0.13% of Talen Energy at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Fred Alger Management LLC increased its position in shares of Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after acquiring an additional 577,257 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in Talen Energy during the fourth quarter worth $48,333,000. Lone Pine Capital LLC lifted its stake in Talen Energy by 27.2% in the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock valued at $219,477,000 after acquiring an additional 233,165 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Talen Energy by 1,210.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 131,082 shares of the utilities provider's stock valued at $27,192,000 after acquiring an additional 121,082 shares during the last quarter. Finally, Castle Hook Partners LP bought a new position in shares of Talen Energy in the 4th quarter valued at about $24,201,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Shares of TLN stock traded up $2.71 during trading on Wednesday, hitting $381.50. The company had a trading volume of 7,200,964 shares, compared to its average volume of 991,128. The firm has a market capitalization of $17.43 billion, a P/E ratio of 108.07, a price-to-earnings-growth ratio of 2.60 and a beta of 1.90. Talen Energy Corporation has a one year low of $137.50 and a one year high of $394.07. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. The stock's 50-day moving average price is $329.72 and its 200 day moving average price is $259.28.

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

Insider Buying and Selling

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction dated 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 owned 5,734,970 shares of the company's stock, 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 document filed with the SEC, which is available through the SEC website. Insiders sold a total of 388,530 shares of company stock valued at $114,090,933 over the last three months. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

TLN has been the topic of a number of research analyst reports. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the company an "outperform" rating in a report on Friday, July 11th. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research note on Monday, August 11th. Morgan Stanley raised their price objective on Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, Raymond James Financial initiated coverage on Talen Energy in a report on Friday, June 13th. They set an "outperform" rating and a $314.00 target price on the stock. Sixteen equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Talen Energy presently has an average rating of "Buy" and an average target price of $316.00.

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.