Thurston Springer Miller Herd & Titak Inc. Acquires 624 Shares of Talen Energy Corporation $TLN

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Talen Energy by 29%, acquiring an additional 624 shares in the second quarter, bringing its total holdings to 2,775 shares valued at $807,000.
• Talen Energy reported $1.50 EPS in its recent earnings, significantly exceeding analysts' expectations of ($1.13) and generating revenues of $630 million, surpassing forecasts of $481.48 million.
• Several analysts have raised their price targets for Talen Energy, with Morgan Stanley setting a new target of $430.00, while Evercore ISI increased theirs to $450.00, reflecting a strong positive outlook on the stock.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 29.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,775 shares of the utilities provider's stock after purchasing an additional 624 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Talen Energy were worth $807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Wedbush Securities Inc. raised its position in shares of Talen Energy by 4.4% in the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock valued at $263,000 after buying an additional 55 shares in the last quarter. IFP Advisors Inc raised its holdings in Talen Energy by 42.4% in 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 in the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in shares of Talen Energy by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after acquiring an additional 88 shares during the period. Signaturefd LLC grew its holdings in shares of Talen Energy by 310.0% during the 1st 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% in 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 during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Up 0.4%

Shares of TLN opened at $402.53 on Monday. Talen Energy Corporation has a 52 week low of $148.02 and a 52 week high of $410.00. 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. 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 has a fifty day moving average of $353.19 and a 200-day moving average of $272.80.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.13) by $2.63. The business 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%. As a group, sell-side analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 stock was sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 388,530 shares of company stock worth $114,090,933.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TLN shares. Morgan Stanley increased their price objective on shares of Talen Energy from $330.00 to $430.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Barclays increased their price target on shares of Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday. Jefferies Financial Group boosted 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. Raymond James Financial initiated coverage on Talen Energy in a research note on Friday, June 13th. They set an "outperform" rating and a $314.00 target price for the company. Finally, Evercore ISI lifted their price target on Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a research note on Tuesday, September 9th. Fifteen analysts have rated the stock with a Buy rating, According to MarketBeat, Talen Energy has an average rating of "Buy" and a consensus target price of $354.29.

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.

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