US Bancorp DE Grows Holdings in Talen Energy Corporation (NASDAQ:TLN)

Key Points

• US Bancorp DE significantly increased its holdings in Talen Energy Corporation by acquiring an additional 81,659 shares, bringing its total ownership to 0.18% of the company, valued at approximately $16.31 million.
• Institutional investors collectively own 0.38% of Talen Energy's stock, with firms like Thornburg Investment Management and LPL Financial also increasing their stakes in Q1.
• Analysts have mixed reviews on Talen Energy, with one sell rating and fourteen buy ratings, and an average price target of $292.58.

US Bancorp DE lifted its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 263,416.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,690 shares of the utilities provider's stock after purchasing an additional 81,659 shares during the period. US Bancorp DE owned 0.18% of Talen Energy worth $16,311,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Talen Energy in the 1st quarter worth about $35,000. LRI Investments LLC lifted its stake in Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 111 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Talen Energy during the 1st quarter valued at about $35,000. Finally, IFP Advisors Inc grew its stake in shares of Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after acquiring an additional 56 shares during the period. 0.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 388,530 shares of company stock worth $114,090,933 over the last three months.

Talen Energy Stock Performance

Talen Energy stock traded down $6.41 during mid-day trading on Tuesday, reaching $384.27. 1,253,733 shares of the company traded hands, compared to its average volume of 1,412,812. The firm's fifty day moving average is $294.80 and its two-hundred day moving average is $243.74. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 3.25 and a beta of 1.90. Talen Energy Corporation has a fifty-two week low of $113.41 and a fifty-two week high of $394.07. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. 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 note on Friday, July 18th. Raymond James Financial started coverage on shares of Talen Energy in a report on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective for the company. Barclays raised their target price on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. One analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $292.58.

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.