Universal Beteiligungs und Servicegesellschaft mbH Buys 5,446 Shares of Talen Energy Corporation (NASDAQ:TLN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Talen Energy by 202.7%, acquiring an additional 5,446 shares during the first quarter, bringing its total holdings to 8,133 shares valued at approximately $1.62 million.
• Several other institutional investors also increased their stakes, with IFP Advisors Inc. lifting its ownership by 42.4% and Signaturefd LLC increasing its stake by 310.0% in the same quarter.
• Analysts have set new price targets for Talen Energy, with UBS Group recommending a price target of $431.00, indicating strong optimism as the stock receives a consensus rating of "Moderate Buy".

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 202.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,133 shares of the utilities provider's stock after buying an additional 5,446 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Talen Energy were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Crescent Grove Advisors LLC acquired a new stake in shares of Talen Energy during the first quarter worth about $285,000. Principal Financial Group Inc. raised its position in shares of Talen Energy by 114.9% during the first quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock worth $717,000 after purchasing an additional 1,920 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Talen Energy during the first quarter worth about $703,000. Bfsg LLC acquired a new stake in shares of Talen Energy during the first quarter worth about $716,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Talen Energy by 1,210.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 131,082 shares of the utilities provider's stock worth $27,192,000 after purchasing an additional 121,082 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Up 0.1%

Shares of NASDAQ:TLN traded up $0.44 during mid-day trading on Friday, reaching $378.01. 1,548,703 shares of the stock were exchanged, compared to its average volume of 1,306,608. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52. The company has a market cap of $17.20 billion, a P/E ratio of 39.25, a P/E/G ratio of 3.14 and a beta of 1.90. Talen Energy Corporation has a one year low of $98.50 and a one year high of $384.92. The stock's 50 day simple moving average is $289.07 and its 200-day simple moving average is $241.51.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The company had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. As a group, equities research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on TLN. Morgan Stanley raised their price target on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Barclays raised their price target on Talen Energy from $269.00 to $359.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Jefferies Financial Group raised their price target 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 price target on Talen Energy and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $292.58.

Insiders Place Their Bets

In other Talen Energy 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 stock was 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 directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 388,530 shares of company stock valued at $114,090,933 in the last ninety days. 0.18% of the stock is owned by company insiders.

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.