US Bancorp DE Grows Stock Position in Talen Energy Corporation $TLN

Key Points

• US Bancorp DE increased its position in Talen Energy by 18.7%, owning nearly 97,000 shares worth approximately $28.2 million at the end of Q2.
• Analysts have set varying price targets for Talen Energy, with Barclays raising its target from $418.00 to $440.00 and rating the stock as "overweight."
• Talen Energy reported a significant earnings beat with $1.50 per share for the last quarter, surpassing estimates of ($1.13) by $2.63.

US Bancorp DE boosted its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 18.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 96,988 shares of the utilities provider's stock after buying an additional 15,298 shares during the period. US Bancorp DE owned approximately 0.21% of Talen Energy worth $28,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares during the period. Brooklyn Investment Group purchased a new stake in Talen Energy during the 1st quarter valued at $25,000. Golden State Wealth Management LLC purchased a new stake in Talen Energy during the 1st quarter valued at $35,000. LRI Investments LLC raised its holdings 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 buying an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in Talen Energy during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Scotiabank initiated coverage on Talen Energy in a report on Monday, September 22nd. They set a "sector perform" rating and a $418.00 price target on the stock. Barclays increased their target price on Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, September 11th. Melius initiated coverage on Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 target price on the stock. Zacks Research lowered Talen Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 18th. Finally, Melius Research increased their target price on Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $376.85.

Talen Energy Price Performance

Shares of TLN stock opened at $412.83 on Friday. Talen Energy Corporation has a 1-year low of $148.02 and a 1-year high of $451.28. The stock's 50-day moving average is $396.79 and its 200 day moving average is $302.77. The company has a market cap of $18.86 billion, a P/E ratio of 116.95, a PEG ratio of 2.39 and a beta of 1.88. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34.

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

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.

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